Advanced Micro Devices Q4 2023 Adj EPS $0.77, Inline, Sales $6.20B Beat $6.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Advanced Micro Devices (AMD) reported Q4 2023 earnings per share (EPS) of $0.77, which was in line with analyst estimates. The company's quarterly sales reached $6.20 billion, surpassing the consensus estimate of $6.12 billion by 1.31% and marking a 10.73% increase from the $5.60 billion reported in the same period last year.
January 30, 2024 | 9:16 pm
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AMD's Q4 2023 earnings matched expectations at $0.77 per share, while sales exceeded estimates at $6.20 billion, indicating a strong revenue growth compared to last year.
AMD's earnings report is positive, with sales exceeding expectations and showing significant year-over-year growth. This is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. The alignment with EPS estimates suggests stability, while the sales beat demonstrates the company's ability to grow revenue, which is a key driver for stock performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100