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Shares of Advanced Micro Devices (NASDAQ:AMD) rose in after-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share rose 62.50% year over year to $0.52, which beat the estimate of $0.47.
Revenue of $3,244,000,000 up by 52.52% year over year, which beat the estimate of $3,020,000,000.
Guidance
AMD Sees Q1 Sales $3.1B-$3.3B vs $2.73B Est.
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Date: Jan 26, 2021
Time: 05:00 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/3cuj9ggo
Technicals
52-week high: $99.23
Company's 52-week low was at $36.75
Price action over last quarter: Up 24.83%
Company Description
Advanced Micro Devices designs and produces microprocessors for the computer and consumer electronics industries. The majority of the firm's sales are in the computer market via CPUs and GPUs. AMD acquired graphics processor and chipset maker ATI in 2006 in an effort to improve its positioning in the PC food chain. In 2009, the firm spun out its manufacturing operations to form a foundry joint venture, GlobalFoundries.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.