Advanced Micro Devices posts in line Q3 profit but stock dips

Semiconductor firm Advanced Micro Devices (AMD) reported a 67% jump in earnings for the third quarter helped by higher revenue as well as lower cost of sales. The bottom line came in line with analysts’ expectations. Following this, the stock plunged over 21% in the after-market session. Net income for the quarter climbed 67% to … Continue reading Advanced Micro Devices posts in line Q3 profit but stock dips