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The Marked Chart Wire · Business
AMD
Advanced Micro Devices booked a $1 billion quarterly expense related to warrants issued to OpenAI and Meta.
Part of a series: AMD navigates supply tightness and strong earnings
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AMD
AMD stock rose nearly 9 percent after hours as third-quarter revenue hit $13.38 billion and data center sales grew 97 percent. The company guided fourth-quarter revenue to about $17 billion, beating expectations.
HotEarnings
Advanced Micro Devices and Arista Networks posted significant revenue growth and raised their outlooks, driving stock gains in after-hours trading. AMD's data center sales nearly doubled, while Arista's revenue surged 58.5 percent.
AMD Earnings
AMD reported adjusted earnings of $2.09 per share against a $1.95 estimate and revenue of $13.38 billion. The company guided for fourth-quarter revenue of $17 billion, exceeding the $16.23 billion consensus.
AMD
Data shows the chipmaker's shares have averaged a 9.22 percent absolute move the day after results, with recent reactions ranging from an 18.61 percent gain to a 17.31 percent drop.
AMD
Advanced Micro Devices stock has fallen 26 percent over the past month. Investors will watch Tuesday's third-quarter results for signs of accelerating data center sales.
McDonald's Earnings
Analysts expect McDonald's to report third-quarter earnings per share of $3.38 and revenue of $7.28 billion. While most maintain bullish ratings, they have reduced their price targets.
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