Advanced Micro misses by $0.01, reports revs in-line; guides Q3 revs below consensus
Reports Q2 (Jun) earnings of $0.02 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus Estimate of $0.03; revenues rose 24.1% year/year to $1.44 bln vs the $1.44 bln consensus.
Co issues downside guidance for Q3, sees Q3 revs -1 to +5% QoQ to ~$1.43-1.51 bln vs. $1.57 bln Capital IQ Consensus.
"Our transformation strategy is on track and we expect to deliver full year non-GAAP profitability (consensus $0.19) and year-over-year rev growth (consensus +13%). We continue to strengthen our business model and shape AMD into a more agile company offering differentiated solutions for a diverse set of markets."
--> AMD -14% in after hours