Advanced Micro Devices (AMD) reported Q4 EPS of $0.08, which was in line with analysts estimates. Revenue of $1.42 billion, missed modestly Street’s views. Analysts had estimated AMD to earn $0.08 per share on revenue of $1.45 billion. AMD stock jumps about 9% during the after-market hours.
Revenue growth of 6% in the recently ended quarter was aided by the strong performance of the Computing and Graphics segment. On a GAAP basis, AMD reported a profit of 4 cents per share compared to a loss of 2 cents per share in the prior-year quarter.
Related: Advanced Micro Devices (AMD) Q4 2018 earnings conference call transcript
Revenue from Computing and Graphics grew 9% year-over-year, driven by the strong sales of Ryzen processors. Enterprise, Embedded and Semi-Custom segment revenue was flat compared to the year-ago quarter.
After Nvidia (NVDA) lowered its Q4 2019 revenue guidance on Monday, almost all the semiconductor companies got battered yesterday and today. AMD stock has slipped about 12% from its Friday closing price of $21.93, while the Philadelphia Semiconductor Index dropped about 3% for the same timeframe.
For full-year 2019, AMD expects high-single-digit percentage revenue growth driven by Ryzen, EPYC and Radeon datacenter GPU product sales.
Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text