Advanced Micro Devices Inc. shares rose in the extended session Tuesday after the chip maker’s data-center sales gains countered a big hit to PC sales...
Advanced Micro Devices Inc. shares rose in the extended session Tuesday after the chip maker’s data-center sales gains countered a big hit to PC sales quarterly and forecast sales above $5 billion for the current quarter.AMD forecast revenue... Advanced Micro Devices Inc. shares rose in the extended session Tuesday after the chip maker’s data-center sales gains countered a big hit to PC sales quarterly and forecast sales above $5 billion for the current quarter.
The company reported fourth-quarter net income of $21 million, or a penny a share, compared with $972 million, or 80 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 69 cents a share, compared with 92 cents a share in the year-ago period.
Data-center sales rose 42% to $1.7 billion, while analysts expected $1.71 billion, the company reported, using its reclassified product groups.
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