AMD: Q2 EPS in line with expectations
(CercleFinance.com) - On Tuesday evening AMD unveiled Q2 2019 non-GAAP net income that is down 41% to 92 million dollars, or eight cents per share, in line with the consensus.
The chip maker saw its adjusted gross margin improve by four points to 41% for revenues that are down 13% at 1.53 billion dollars, with contractions in all of its business segments.
For FY 2019, the Santa Clara based Group expects mid single-digit revenue growth, with an adjusted gross margin of around 42%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The chip maker saw its adjusted gross margin improve by four points to 41% for revenues that are down 13% at 1.53 billion dollars, with contractions in all of its business segments.
For FY 2019, the Santa Clara based Group expects mid single-digit revenue growth, with an adjusted gross margin of around 42%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.