Why AMD Stock Fell as Much as 5.5% This Morning
Shares of Advanced Micro Devices (NASDAQ: AMD) fell as much as 5.5% on Wednesday morning, following the chip designer's fourth-quarter earnings report.
The fourth-quarter report was solid enough. Adjusted earnings rose 12% year over year to $0.77 per diluted share, exactly in line with Wall Street's consensus estimates. Revenue increased by 10%, landing just ahead of analyst expectations at $6.2 billion.
However, management's guidance fell short of market expectations. First-quarter sales are expected to stay fairly flat compared to the first quarter of 2023, with a $300 million margin of error around the $5.4 billion midpoint. Reaching the very top of that range would still miss the current analyst consensus target by a few million dollars.
Source Fool.com
Advanced Micro Devices Inc. Aktie
Die Community zeigt großes Interesse an Advanced Micro Devices Inc. mit vielen Buy- und wenigen Sell-Einschätzungen.
Bei einem Kursziel von 176 € ergibt sich ein positives Potenzial von 27.11% für Advanced Micro Devices Inc. im Vergleich zum aktuellen Kurs von 138.46 €.
