AMD Reports Earnings This Afternoon. Heres What to Expect. – Barrons

Advanced Micro Devices shares are trading sharply higher late Tuesday on better-than-expected results for the fourth quarter, and a forecast that blew past Wall Street expectations.

For the fourth quarter, Advanced Micro Devices (ticker: AMD) posted revenue of $4.8 billion, up 49% from a year ago, with profits of 92 cents a share, exceeding the Wall Street consensus of $4.5 billion in revenue and profits of 76 cents a share.

AMD…

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