By Tae Kim
AMD reported better-than-expected earnings results Tuesday afternoon but soft data center revenue sparked a selloff in its stock during after-hours trading.
The semiconductor company reported fourth-quarter adjusted earnings per share of $1.09, compared to Wall Street's consensus estimate of $1.08, according to FactSet. Revenue came in at $7.7 billion, which was above analysts' expectations of $7.5 billion. In the December quarter, the chip maker's data-center unit generated $3.86 billion in revenue, which was below the $4.14 billion estimate.
AMD forecast sales in the current quarter to a range with $7.1 billion at the midpoint versus the $7 billion analysts' estimate.
"2024 was a transformative year for AMD as we delivered record annual revenue and strong earnings growth," AMD CEO Lisa Su said in the news release. "Looking into 2025, we see clear opportunities for continued growth based on the strength of our product portfolio and growing demand for high-performance and adaptive computing."
AMD shares fell as much as 6% following the results.
AMD is down 33% over the past 12 months, compared to the 9% gain for the iShares Semiconductor ETF.
Write to Tae Kim at tae.kim@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 04, 2025 16:54 ET (21:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。