Advanced Micro Devices forecasts current-quarter revenue above estimates

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Advanced Micro Devices Inc forecast fourth-quarter revenue above market expectations on Tuesday, betting on strong demand for its chips used in personal computers, gaming consoles and data center servers.The company said it expected revenue of about US$4.5 billion, plus or minus US$100 million, compared w

Advanced Micro Devices Inc forecast fourth-quarter revenue above market expectations on Tuesday, betting on strong demand for its chips used in personal computers, gaming consoles and data center servers.

The company said it expected revenue of about US$4.5 billion, plus or minus US$100 million, compared with analysts' average estimate of US$4.25 billion, according to Refinitiv data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Logitech revenue rises in second quarterComputer peripherals maker Logitech International SA said on Tuesday its sales rose 4per cent to US$1.31 billion in the three-month period ended September, up from US$1.26 billion a year earlier.Non-GAAP operating income declined 40per cent to US$211 million during the quarter, the company said in a state
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hyundai Motor's Q3 profit misses estimates as chip shortage takes a tollSEOUL :South Korea's Hyundai Motor Co swung to a profit in the third quarter but slightly missed analysts' estimates as the ongoing global chip shortage drove down shipments of vehicles.Hyundai, which together with affiliate Kia Corp is among the world's top 10 automakers by sales, reported a net profit of 1.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

LG Chem Q3 results miss estimates, hit by GM Bolt recall costSEOUL :South Korea's LG Chem Ltd posted a 20per cent fall in quarterly profit on Monday, hurt by a one-off expense associated with the recall of General Motors' Bolt electric vehicles.It reported an operating profit of 727 billion won (US$617.55 million) for the July-September period, versus 904 billion won a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

South Korea's Q3 GDP grows at slower pace, misses forecastSEOUL : South Korea's economy grew at a slower pace in the third quarter, as robust exports were offset by weak domestic demand and construction and facility investments, data from the Bank of Korea showed on Tuesday.Gross domestic product (GDP) grew a seasonally adjusted 0.3per cent in the September quar
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »

AC Milan halves full-year losses as TV revenue risesMILAN: AC Milan halved its losses in the fiscal year ending Jun 30 as the Serie A Italian football club\u0027s improved pitch performance boosted TV revenues and limited pandemic damage, it said on Tuesday. Controlled by US investment fund Elliott, the seven-time European champions reported a full-yea
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »