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Advanced Micro (AMD) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Advanced Micro Devices (AMD - Free Report) reported $5.8 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 4.2%. EPS of $0.70 for the same period compares to $0.67 a year ago.
The reported revenue represents a surprise of +1.65% over the Zacks Consensus Estimate of $5.71 billion. With the consensus EPS estimate being $0.68, the EPS surprise was +2.94%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Advanced Micro performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net revenue- Data Center: $1.60 billion compared to the $1.62 billion average estimate based on seven analysts. The reported number represents a change of -0.7% year over year.
Net revenue- Embedded: $1.24 billion compared to the $1.30 billion average estimate based on seven analysts.
Net revenue- Gaming: $1.51 billion compared to the $1.56 billion average estimate based on seven analysts.
Net revenue- Client: $1.45 billion versus the seven-analyst average estimate of $1.23 billion. The reported number represents a year-over-year change of +42.2%.
Shares of Advanced Micro have returned -6.9% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Advanced Micro (AMD) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Advanced Micro Devices (AMD - Free Report) reported $5.8 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 4.2%. EPS of $0.70 for the same period compares to $0.67 a year ago.
The reported revenue represents a surprise of +1.65% over the Zacks Consensus Estimate of $5.71 billion. With the consensus EPS estimate being $0.68, the EPS surprise was +2.94%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Advanced Micro performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net revenue- Data Center: $1.60 billion compared to the $1.62 billion average estimate based on seven analysts. The reported number represents a change of -0.7% year over year.
- Net revenue- Embedded: $1.24 billion compared to the $1.30 billion average estimate based on seven analysts.
- Net revenue- Gaming: $1.51 billion compared to the $1.56 billion average estimate based on seven analysts.
- Net revenue- Client: $1.45 billion versus the seven-analyst average estimate of $1.23 billion. The reported number represents a year-over-year change of +42.2%.
View all Key Company Metrics for Advanced Micro here>>>Shares of Advanced Micro have returned -6.9% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.