Company news: Advanced Micro Devices (AMD) quarterly earnings match analysts' forecasts

Advanced Micro Devices (AMD) reported Q3 FY2024 earnings of $0.92 per share (versus $0.70 per share in Q3 FY2023), matching analysts’ consensus estimate of $0.92 per share.

The company’s quarterly revenues amounted to $6.819 bln (+17.6% y/y), beating analysts’ consensus estimate of $6.712 bln.

The company also issued in-line revenue guidance for Q4 FY2024 of $7.2-7.8 bln versus analysts’ consensus estimate of $7.55 bln.

AMD fell to $152.63 (-8.19%) in pre-market trading.