cruelsister
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Hi Guys- I know that there are many AMD fans around here, and just wanted to present the Market's reaction to today's earning report. AMD was just about dead in the water a year ago, but under the guidance of the CEO, Lisa Su has resurrected itself. The stock has climbed from under $2 USD/share to about 12USD today. Prospects are very good indeed!
Here is Motley Fool's take on the earnings report:
Shares of Advanced Micro Devices (NASDAQ:AMD) soared on Wednesday after the company reported fourth-quarter results that bested analyst expectations. AMD's guidance called for continued revenue growth during the first quarter, and the company confirmed that its highly anticipated Ryzen CPU will be launching in early March. At 11:15 a.m. EST, the stock was up about 12%.
AMD reported fourth-quarter revenue of $1.11 billion, up 15% year over year and about $40 million higher than the average analyst estimate. Revenue dropped 15% compared to the third quarter due to seasonality in the semi-custom business, which is dominated by game console SoCs.
The computing and graphics segment grew revenue by 28% year over year, to $600 million, driven by higher GPU sales. AMD launched its Polaris line of mainstream graphics cards in mid-2016. Ryzen and Vega, AMD's upcoming high-end GPU scheduled for the second quarter, should continue to drive growth in this segment in 2017.
The semi-custom segment grew revenue to $506 million, up 4% year over year. Sales slumped 39% compared to the third quarter, which is the peak period for the business each year. A $47 million segment operating profit offset a $21 million operating loss in the computing and graphics segment.
Non-GAAP earnings per share (EPS) came in at a loss of $0.01, an improvement compared to a loss of $0.10 during the prior-year period and $0.01 better than analysts were expecting.
Here is Motley Fool's take on the earnings report:
Shares of Advanced Micro Devices (NASDAQ:AMD) soared on Wednesday after the company reported fourth-quarter results that bested analyst expectations. AMD's guidance called for continued revenue growth during the first quarter, and the company confirmed that its highly anticipated Ryzen CPU will be launching in early March. At 11:15 a.m. EST, the stock was up about 12%.
AMD reported fourth-quarter revenue of $1.11 billion, up 15% year over year and about $40 million higher than the average analyst estimate. Revenue dropped 15% compared to the third quarter due to seasonality in the semi-custom business, which is dominated by game console SoCs.
The computing and graphics segment grew revenue by 28% year over year, to $600 million, driven by higher GPU sales. AMD launched its Polaris line of mainstream graphics cards in mid-2016. Ryzen and Vega, AMD's upcoming high-end GPU scheduled for the second quarter, should continue to drive growth in this segment in 2017.
The semi-custom segment grew revenue to $506 million, up 4% year over year. Sales slumped 39% compared to the third quarter, which is the peak period for the business each year. A $47 million segment operating profit offset a $21 million operating loss in the computing and graphics segment.
Non-GAAP earnings per share (EPS) came in at a loss of $0.01, an improvement compared to a loss of $0.10 during the prior-year period and $0.01 better than analysts were expecting.
