AMD stock drops after reporting slim Q1 earnings beat

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Advanced Micro Devices (AMD) shares pull back further after Tuesday’s market close as the chip company posts a narrow first-quarter earnings beat: $5.5 billion in revenue against expectations of $5.45 billion, adjusted earnings of $0.62 per share against expectations of $0.61.

Yahoo Finance’s Julie Hyman and Josh Lipton break down the chip giant’s quarterly results, highlighting the company’s second-quarter guidance and CEO Lisa Su’s comments on growth in particular segments such as data centers.

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This post was written by Luke Carberry Mogan.

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