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The chip maker posted adjusted earnings per share of 6 cents, exceeding expectations by 5 cents per share, according to data compiled by Bloomberg.
AMD recorded a business turnover of 1.27 billion USD, higher than the consensus estimates for a turnover of 1.26 billion USD. However, computer and graphics revenues declined 26% from the previous year to $ 831 million. The company said the decrease was due to lower sales of graphics channels but was offset by an increase in sales of client processors and data center GPUs.
"We had solid first quarter results and a significant increase in gross margin, while revenues from EPYC processors and data processors and processors and data centers more than doubled from year-to-date. previous year, "said Executive Director Lisa Su in a statement. "We look forward to the forthcoming launches of our next generation 7nm computer, gaming and data center products, which are expected to generate further market share gains and financial growth."
An AMD-A10-4600M Series APU computer chip is displayed. Photographer: Ashley Pon / Bloomberg via Getty Images
For the second quarter, AMD is forecasting revenue between $ 1.48 and $ 1.57 billion. Analysts estimated second-quarter sales at $ 1.52 billion.
<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "AMD shares have increased by 48% this year and outperformed the Philadelphia Semiconductor Index (^ SOX), which jumped 35% over the same period. AMD is the best-performing stock of the S & P 500 (^ GSPC) in 2018. "data-reactid =" 31 "> The AMD share gained 48% this year and outperformed the Philadelphia Semiconductor (^ SOX) index, which jumped 35% over the same period in the S & P 500 (^ GSPC) in 2018.
The AMD results conference call is scheduled for 5:30 pm AND.
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