Chips: Amd Crashes 25% Later On Revenue Miss, Q4 Guidance Cut

After-hours the stock is downwards $4.97 (21.81%) at $17.82and bringing the loss for the twenty-four hours to 30.05%
Best-buddy NVIDIA is downwards $ 5.99 AH bringing the loss for the twenty-four hours to $27.26 (12.33%)
From ZeroHedge:

After an already atrocious twenty-four hours session, AMD shares are bloodbathing after-hours (down over 25% overall) afterward it reported a disappointing missy on revenues too slashed guidance for Q4...
The cardinal headline prints were:

• Adjusted net turn a profit per share: $0.13 versus an expected $0.12.
  
• Revenue:  $1.65 versus an expected $1.7 billion.
  

However, the giant chipmaker whose shares accept literally exploded inward 2018, slashed its Q4 guidance to nearly $1.45b ( summation or minus $50m) versus estimates of $1.60b.

... Desperate to set around lipstick on that pig, CEO Lisa Su in a press release.

“We delivered our 5th conduct quarter of year-over-year revenue too cyberspace income growth driven largely past times the accelerated adoption of our Ryzen, EPYC too datacenter graphics products."
“Client too server processor sales increased significantly although graphics channel sales were lower inward the quarter. Looking forward, nosotros believe nosotros are good positioned for farther marketplace part gains equally nosotros croak on making pregnant progress towards our long-term fiscal targets."...

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