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Hi-Tech / Hardware

Revenue forecast for the AMD disappoint investors, the stock fell

3DNews: Novosti Hardware 01.08.2019 at 10:11

3DNews: Novosti Hardware

In the period preceding the publication of the quarterly report AMD, the company's stock was approaching the annual maximum, and then already began to be heard warning the analysts about the "overheating" of the market caused by expectations for the second half of the year. When the quarterly report was published, it became clear that AMD really connects with new products hopes to increase revenue by 20% by the end of 2019, but picture is spoiled by the negative revenue trend in the segment of "customized" devices. In the end of the current year the company expects to complete with revenue, increased only by 5-6% relative to last year. The problem is that analysts forecast the largest revenue of AMD in the third quarter was $1.94 billion, and the company predicts more than $1.85 billion of revenue. This was the impetus for the correction of the stock price after the quarterly reporting, and at the moment he is dropped to $30,45, ten percent relative to the previous level.