Advanced Micro Devices shares climbed in Wednesday's premarket trading after the chip maker reported third-quarter results that beat analyst estimates. Revenue and adjusted earnings both topped forecasts.
Shares of Advanced Micro Devices were climbing in Wednesday's premarket trading as investors reacted to the company's third-quarter earnings results. The move came against a tough recent trading backdrop for artificial-intelligence-related companies.
AMD reported revenue of $13.4 billion for the September quarter, up 45% from a year ago. Analysts tracked by FactSet had expected $13.1 billion.
Adjusted earnings per share of $2.09 also topped estimates for $1.95, representing year-on-year growth of 74%.
Source: MarketWatch (snippet-based)
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