Advanced Micro Devices’ revenue beat wasn’t quite what it looked like, and that’s one factor pressuring the stock on Wednesday.
While AMD’s
AMD $10.3 billion in fourth-quarter revenue exceeded the consensus view, it included $390 million in China revenue that Wall Street had not included in estimates.
Why AMD’s stock is diving toward its worst day in years after earnings
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Advanced Micro Devices’ revenue beat wasn’t quite what it looked like, and that’s one factor pressuring the stock on Wednesday.
While AMD’s
AMD $10.3 billion in fourth-quarter revenue exceeded the consensus view, it included $390 million in China revenue that Wall Street had not included in estimates.
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