00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Advanced micro-devices reported strong third-quarter results that top Wall Street expectations,
00:07according to Benzinga. Chipmaker posted adjusted earnings of $1.20 per share at $9.25 billion in
00:12revenue, beating forecasts of $1.16 per share at $8.74 billion, respectively. Quarterly revenue
00:19rose 36% year-over-year, driven by strong growth in client and gaming in data center segments,
00:24offset by a decline in embedded. CEO Lisa Seuss and AMD achieved record revenue
00:29and profitability, driven by strong demand for its EPYC, Ryzen, and Instinct AI products.
00:35AMD forecasts in fourth-quarter revenue of about $9.6 billion,
00:40exceeding analysts' expectations of $9.15 billion.
00:43Shares fell 3.1% in after-hours trading to $242.25.
00:48For all things money, visit Benzinga.com.
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