- AMD posted mixed quarterly results.
- The company's sales forecast for the current quarter missed Wall Street expectations.
- Equities rose by up to 7% on earnings.
- Watch the AMD trade live.
AMD posted mixed fourth-quarter results and forecasts on Tuesday, but missed Wall Street's expectations but was understated According to the report, equities rose 5.4%.
Here are the key figures compared to the Bloomberg Consensus:
- Adjusted earnings per share: $ 0.08 versus an expected $ 0.08
- Revenue: $ 1
- First Quarter Sales Forecast: [$120billionto$130billioncomparedto$147billionexpectedin
"In 2018, we achieved significant revenue growth, market share gains, for the second consecutive year," We improved our gross margin and improved profitability based on our high performance products, "said CEO Lisa Su in a press release We have more than doubled our EPYC processor shipments sequentially, posting record sales in the GPU data center in the quarter. "
She added," Despite short-term graphic headwinds, 2019 will be another exciting year, that is As of the launch, our broadest and most competitive product portfolio ever developed with our next generation Ryzen, Radeon, and next generation EPYC 7nm products. "
Before the results, stocks fell 5% on Tuesday – a day after rival Nvidia warned that conditions in China had led to an" exceptionally turbulent "quarter, with the chip maker slashing its sales forecast for The fourth quarter was at around $ 2.2 billion, compared to around $ 2.7 billion.
And one Wall Street analyst said the Nvidia warning may indicate a loss of earnings for AMD.
"While the other shoe was dropped at NVIDIA, we believe AMD is lagging behind in handling GPU inventory issues," said Susquehanna International Group analyst Christoper Rolland, the report.
"We're providing evidence for AMD fixed The continued decline in retail prices indicates that the graphics card channel is not yet clear. In addition, we note that the expectations of Street Computing and Graphics in the first quarter of 19 are + 3% well above the typical season (we would not be surprised at a mid-single-digit value) weakening or even worse.) With the additional Commenting on a deteriorating macro picture and playing Chinese at NVIDIA, we continue to believe that AMD has a significant risk of failure in the fourth quarter of 18/19.
The AMD stock gained 45% over the last 12 months.