Yahoo Finance Advanced Micro Devices First Quarter 2024 Earnings: EPS Misses Expectations
Advanced Micro Devices (NASDAQ:AMD) First Quarter 2024 Results
Key Financial Results
Revenue: US$5.47b (up 2.2% from 1Q 2023).
Net income: US$123.0m (up from US$139.0m loss in 1Q 2023).
Profit margin: 2.2% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses.
EPS: US$0.076 (up from US$0.086 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Advanced Micro Devices EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 59%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are down 4.9% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Advanced Micro Devices that you need to take into consideration.
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