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What You Need to Know About AMD's Earnings

TheMotleyFool

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What You Need to Know About AMD's Earnings

Advanced Micro Devices (NASDAQ: AMD) reported its fourth-quarter results Tuesday evening, and the numbers looked good. Revenue and earnings soared, and the company's guidance called for solid double-digit growth in 2020.

But AMD's guidance was a little problematic, enough so to drive the stock lower on Wednesday. Here's what investors need to know about AMD's results.

Thanks to a full slate of product launches throughout 2019, AMD managed to grow its fourth-quarter revenue to $2.13 billion, up 50% year over year. Sales in the computing and graphics segment, which includes PC CPUs and GPUs, soared 69% to $1.66 billion.

Source Fool.com

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