Advanced Micro Devices (AMD) has forecast better-than-expected revenue for the fourth quarter as the company's third-quarter 2021 results surpassed consensus estimates. The chipmaker has also lifted year-over-year revenue growth expectations for 2021. AMD reported third-quarter adjusted earnings of $0.73 per share, up 78% year-over-year and ahead of analysts’ expectations of $0.67 per share. Revenue surged 54% to $4.31 billion and surpassed the consensus estimate of $4.12 billion. Markedly, data center sales more than doubled on a year-over-year basis, significantly ramping 3rd Gen EPYC processor shipments. The Computing and Graphics segment’s revenue stood at $2.4 billion, up 44% year-over-year, driven by higher Ryzen, Radeon and AMD Instinct processor sales.
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Advanced Micro Devices (NASDAQ:AMD)
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