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Wednesday, October 24, 2018

AMD plummets after missing on revenue, giving weak fourth quarter guidance

Shares of chip maker AMD fell as much as 18 percent in extended trading Thursday after the company reported third quarter revenue that fell below Wall Street's estimates.

Here's how the company did compared with analyst predictions:

  • Earnings: 13 cents per share, excluding certain items, vs. 12 cents per share forecast by Refinitiv
  • Revenue: $1.65 billion vs. $1.7 billion forecast by Refinitiv

This story is developing. Please check back for updates.

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