The PC tech growing large managed a slender beat on revenue versus expectations whereas earnings-per-share have been virtually instantly spot-on.
Amid a wealth of firms reporting on their newest earnings results in the present day was AMD, which posted its Q4 2023 report. The PCU, GPU, and PC tech firm had a largely secure quarter, narrowly beating or matching expectations that have been put earlier than it on each revenue and earnings-per-share (EPS). The firm appears shy about what’s forward in Q1 2024, but it surely met its marks to wrap up its fiscal 2023.
AMD posted its Q4 2023 earnings results on its investor relations web site this week. The firm put up a revenue of $6.2 billion USD, which was only a hair above the Wall Street consensus expectation of $6.1 billion. When it got here to EPS, the corporate posted a ultimate variety of $0.77 per share. This was, in actual fact, precisely in keeping with Wall Street consensus. That mentioned, it was only a contact beneath the earnings Whisper Number expectations, which have been set at $0.80 per share.
AMD’s was down in after-hours buying and selling following the discharge of its Q4 2023 earnings results.Source: Google
The AMD firm has been shifting alongside business-as-usual by means of these previous couple of months. The firm simply revealed its newest GPUs, the Radeon RX 7600 XT collection, throughout CES 2024. It has additionally continued its personal pushes into the AI area, having acquired the Nod.AI firm to bolster its growth and development of its personal AI applied sciences.
With the truth that AMD got here in very in-line with expectations of its results, the corporate’s steerage for the longer term ended up sheepish, but it surely nonetheless stays a drive on this planet of PC expertise. Stay tuned as we proceed to report on AMD information and different firms reporting on their newest quarterly finishes.
TJ Denzer is a participant and author with a ardour for video games that has dominated a lifetime. He discovered his strategy to the Shacknews roster in late 2019 and has labored his strategy to Senior News Editor since. Between information protection, he additionally aides notably in livestream tasks just like the indie game-focused Indie-licious, the Shacknews Stimulus Games, and the Shacknews Dump. You can attain him at [email protected] and likewise discover him on Twitter @JohnnyChugs.
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