AMD Stock Slides as Profits Fall Short of Expectations

Advanced Micro Devices (AMD) reported third-quarter earnings that missed expectations, sending shares lower after the closing bell Tuesday. The chipmaker's third-quarter revenue grew 18% year-over-year to $6.82 billion, ahead of the Visible Alpha analyst consensus. Net income at $771 million or 47 cents per share was up from $299 million or 18 cents per share a year earlier, but below Street estimates as costs rose. AMD's Outlook Disappoints Despite Record Data Center Revenue AMD's revenue gains came as dat ...