AMD's Q4 Earnings and Weak Outlook: Impact on Stock Performance
TL;DR
Advanced Micro Devices (AMD) reported $6.17 billion in revenue for Q4 2023, with a 10.2% year-over-year increase and EPS of $0.77. The reported revenue slightly exceeded the Zacks Consensus Estimate, while EPS met expectations. Key metrics, including Data Center, Embedded, Gaming, and Client revenues, were compared to analyst estimates and year-ago numbers. Advanced Micro's stock has returned +20.6% over the past month, and it currently holds a Zacks Rank #3 (Hold).
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