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AMD beats on earnings and revenue, but third-quarter forecast comes in light

AMD beats on earnings and revenue, but third-quarter forecast comes in light

AMD reported

for the quarter ended in June that beat estimates for profit and revenue, but the chipmaker gave a forecast for the current quarter that trailed Wall Street expectations.

AMD stock fell 6% in extended trading.

Here’s how the company did:

  • EPS: $1.05, adjusted, versus $1.03 expected, according to Refinitiv
  • Revenue: $6.55 billion, versus $6.53 billion expected, according to Refinitiv

The chipmaker said it expected $6.7 billion in…

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