Name: AMD Q3 results top estimates, but revenue guidance falls short By Investing.com
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AMD Q3 results top estimates, but revenue guidance falls short By Investing.com

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AuthorYasin EbrahimStock Markets3&nbsp;AMD+2.41%Add to WatchlistAdd PositionPosition added successfully to:&nbsp;+ Add another positionCloseInvesting.com – Advanced Micro Devices reported&nbsp;Tuesday better-than-expected third-quarter results, but the chipmaker also delivered softer current-quarter guidance as&nbsp;slowing sales in its gaming sector and softer demand in embedded markets are expected to weigh.&nbsp;Advanced Micro Devices (NASDAQ:) shares fell more than 4% in after-hours trade following the report.AMD&nbsp; adjusted EPS $0.70 on revenue of $5.80 billion. Analysts polled by Investing.com anticipated EPS of $0.68 cents on revenue of $5.7 billion.The data center business reported flat revenue growth at $1.6B for Q3 year-over-year, as growth in 4th Gen AMD EPYC chip sales was offset by a decline in adaptive System-on-Chip data center products.Gaming segment revenue, meanwhile, fell 8% to $1.5B in Q3 from a year earlier, while revenue in its embedded segment, which includes&nbsp;chips for networking or cars, was down 5% to $1.2B.&nbsp;Looking ahead, the company guided fiscal fourth-quarter revenue of $6.1B, give or take $300 million, an increase of about 9% year-on-year. That compared with estimates for $6.4B."We expect to see strong growth in Data Center and continued momentum in Client, partially offset by lower sales in the Gaming segment and additional softening of demand in the embedded markets,"&nbsp;AMD EVP, CFO and Treasurer&nbsp;Jean Hu said on Tuesday.&nbsp;AMD Q3 results top estimates, but revenue guidance falls short3Comments (3)3Add a CommentComment Guidelines&nbsp;I have read Investing.com's comments guidelines and agree to the terms described.I AgreeWrite your thoughts hereAre you sure you want to delete this chart?Delete Cancel&nbsp;PostReplace the attached chart with a new chart ?Replace CancelComment GuidelinesShareFollow this postUnfollow this postSaveBlock UserReplyShareFollow this postUnfollow this postSaveBlock UserReplyShareFollow this postUnfollow this postSaveBlock UserReplyShareFollow this postUnfollow this postSaveBlock UserReplyShareFollow this postUnfollow this postSaveReplyAre you sure you want to delete this chart?Delete Cancel&nbsp;PostReplace the attached chart with a new chart ?Replace CancelComment GuidelinesAdd Chart to CommentCancelAttachConfirm BlockAre you sure you want to block %USER_NAME%?By doing so, you and %USER_NAME% will not be able to seeany of each other's Investing.com's posts.%USER_NAME% was successfully added to your Block ListSince you’ve just unblocked this person, you must wait 48 hours before renewing the block.Confirm Block CancelOkReport this commentI feel that this comment is:SpamOffensiveSubmitComment flaggedThank You!Your report has been sent to our moderators for reviewCloseTabs SelectionIndicesCommoditiesBondsStocksCryptoForexETFsApply&nbsp;US 3032,987.0-65.9-0.20%&nbsp;&nbsp;US 5004,183.4-10.4-0.25%&nbsp;&nbsp;Dow Jones33,052.87+123.91+0.38%&nbsp;&nbsp;S&amp;P 5004,193.80+26.98+0.65%&nbsp;&nbsp;Nasdaq12,851.24+61.76+0.48%&nbsp;&nbsp;S&amp;P 500 VIX18.14-1.61-8.15%&nbsp;&nbsp;Dollar Index106.560+0.626+0.59%&nbsp;&nbsp;Crude Oil WTI81.53+0.17+0.21%&nbsp;&nbsp;Brent Oil85.57+0.26+0.30%&nbsp;&nbsp;Natural Gas3.605-0.001-0.03%&nbsp;&nbsp;Gold1,992.85+0.10+0.01%&nbsp;&nbsp;Silver22.950-0.012-0.05%&nbsp;&nbsp;Copper3.6505-0.0020-0.05%&nbsp;&nbsp;US Soybeans1,311.75+5.75+0.44%&nbsp;&nbsp;U.S. 10Y4.928+0.051+1.04%&nbsp;&nbsp;U.S. 30Y5.090+0.066+1.31%&nbsp;&nbsp;U.S. 5Y4.846+0.029+0.59%&nbsp;&nbsp;U.S. 3M5.491+0.003+0.05%&nbsp;&nbsp;US 10Y T-Note105.91-0.27-0.25%&nbsp;&nbsp;Euro Bund128.50-0.23-0.18%&nbsp;&nbsp;10-2 Yield Spread-16.41+0.73+-4.26%&nbsp;&nbsp;Apple170.77+0.48+0.28%&nbsp;&nbsp;Alphabet A124.08-0.38-0.31%&nbsp;&nbsp;Tesla200.84+3.48+1.76%&nbsp;&nbsp;Amazon.com133.09+0.38+0.29%&nbsp;&nbsp;Netflix411.69+1.61+0.39%&nbsp;&nbsp;Meta Platforms301.27-1.39-0.46%&nbsp;&nbsp;Bank of America26.34+0.65+2.53%&nbsp;Most Popular ArticlesAMD Q3 results top estimates, but revenue guidance falls shortOil down 2nd day in row, poised for huge October lossWall St closes higher on eve of Fed decision; investors assess...Stock Market Today: Dow ends higher, but can't escape 3rd monthly...Fed meeting in focus, Chinese factory data disappoints -- what's...More News&nbsp;1 Stock to Buy, 1 Stock to Sell This Week: McDonald’s, AMD5 Nightmarish Stocks You'd Rather Avoid This HalloweenS&amp;P 500 Sets Sights on 4200 as Volatility Eases: What to Expect NextS&amp;P 500 Nears 200 DMA, Nasdaq in Bull Trap, Russell 2000 Faces Key...Bitcoin Eyes ‘Golden Cross’ Ahead of Fed, Key Economic Data: What Lies...More Analysis&nbsp;Sign up with Email

AuthorYasin EbrahimStock Markets3&nbsp;AMD+2.41%Add to WatchlistAdd PositionPosition added successfully to:&nbsp;+ Add another positionCloseInvesting.com – Advanced Micro Devices reported&nbsp;Tuesday better-than-expected third-quarter results, but the chipmaker also delivered softer current-quarter guidance as&nbsp;slowing sales in its gaming sector and softer demand in embedded markets are expected to weigh.&nbsp;Advanced Micro Devices (NASDAQ:) shares fell more than 4% in after-hours trade following the report.AMD&nbsp; adjusted EPS $0.70 on revenue of $5.80 billion. Analysts polled by...

AMD Q3 results top estimates, but revenue guidance falls short By Investing.com

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