AMD Posts Strong Revenue and Earnings Beat for Second Quarter, Stock Soars 20% in Two Days

AMD Posts Strong Revenue and Earnings Beat for Second Quarter, Stock Soars 20% in Two Days

6 years ago
Anonymous $dicfOfy7s2

https://wccftech.com/amd-posts-strong-beats-in-second-quarter-of-year-stock-soars-and-hits-decade-high/

Advanced Micro Devices Inc. (NASDAQ:AMD) shares soared Thursday by 14% to close at their highest price in a decade, helped by strong revenue improvement and the company’s best earnings in seven years.

Revenue for the second quarter 2018 was $1.76 billion compared to $1.15 billion in the second quarter of 2017. More importantly, AMD finally posted a solid net income of $116 million compared to a loss of $42 million a year ago.

AMD Posts Strong Revenue and Earnings Beat for Second Quarter, Stock Soars 20% in Two Days

Jul 27, 2018, 3:24pm UTC
https://wccftech.com/amd-posts-strong-beats-in-second-quarter-of-year-stock-soars-and-hits-decade-high/ > Advanced Micro Devices Inc. (NASDAQ:AMD) shares soared Thursday by 14% to close at their highest price in a decade, helped by strong revenue improvement and the company’s best earnings in seven years. > Revenue for the second quarter 2018 was $1.76 billion compared to $1.15 billion in the second quarter of 2017. More importantly, AMD finally posted a solid net income of $116 million compared to a loss of $42 million a year ago.