AMD - Advanced Micro Devices soars after Q4 earnings top expectations
Advanced Micro Devices (NASDAQ:AMD) shares soared after the tech giant posted fourth-quarter results that beat expectations. For the fourth-quarter, AMD said it generated $4.8 billion in revenue, earning 80 cents per share. A consensus of Wall Street analysts expected the company to generate $4.52 billion in revenue and earn 76 cents per share. Aiding the quarter was AMD's Computing and Graphics and Enterprise, Embedded and Semi-Custom segments. “2021 was an outstanding year for AMD with record annual revenue and profitability,” said AMD President and Chief Executive, Dr. Lisa Su. “Each of our businesses performed extremely well, with data center revenue doubling year-over-year driven by growing adoption of AMD EPYC processors across cloud and enterprise customers. We expect another year of significant growth in 2022 as we ramp our current portfolio and launch our next generation of PC, gaming and data center products.” For the first-quarter, AMD said it expects revenue
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Advanced Micro Devices soars after Q4 earnings top expectations