AMD Stock Jumps on Earnings Beat and Strong Outlook – Barrons

Shares of Advanced Micro Devices are trading sharply higher in late Tuesday onĀ better-than-expected resultsĀ for the fourth quarter, and a forecast that blew past Wall Street expectations. The results were driven by strong demand for both server and PC processors.

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

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