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AMD beats third-quarter sales, but fourth-quarter guidance fails to impress
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AMD beats third-quarter sales, but fourth-quarter guidance fails to impress

Advanced Micro Devices (AMD) shares reverse course in after-hours trading, losing the day’s gains after the release of third-quarter earnings results. The chip giant posted a $6.8 billion increase in revenue (estimates were $6.71 billion), while earnings were in line with expectations for an adjusted profit of $0.92 per share.

Yahoo Finance special reporter Akiko Fujita joins Market Domination Overtime to dig deeper into the earnings numbers, noting Wall Street’s rising expectations for the semiconductor maker. AMD published fourth-quarter revenue guidance between $7.2 billion and $7.8 billion, while analysts forecast $7.55 billion.

To see more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Luke Carberry Mogan.