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Benzinga
Benzinga
Business
Wayne Duggan

6 Advanced Micro Devices Analysts React To Earnings Beat, Guidance Miss, Market Share Gains

AMD Nasdaq Hans Mosesmann John Vinh Melissa Fairbanks Vijay Rakesh Vivek Arya Bank of America Keybanc Mizuho

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded lower by 4.3% on Wednesday after the semiconductor giant reported better-than-expected second-quarter numbers but disappointed Wall Street with its third-quarter guidance.

AMD reported second-quarter adjusted EPS of $1.05 on revenue of $6.55 billion. Both numbers exceeded consensus analyst estimates of $1.30 and $6.53 billion, respectively. Revenue was up 70% from a year ago.

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