Shares of Advanced Micro Devices (AMD) are up a penny at $2.46 in late trading after the company this afternoon reported Q4 revenue that slightly exceeded analysts’ estimates and reported a smaller-than-expected net loss, and forecast this quarter’s revenue slightly below consensus.
Revenue in the three months ended in December fell 32%, year over year, and 9%, quarter to quarter, to $1.16 billion, yielding a net loss per share of 14 cents.
Analysts had been modeling $1.15 billion and a 21-cent net loss.
For the current quarter, AMD projected revenue to be in a range of down 6% to down 12%, quarter to quarter, which is below the consensus for revenue to decline 4% to $1.11 billion.
AMD management will host a conference call with analysts at 5 pm, Eastern time, and you can catch the webcast of it here.
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