AMD share price soars due to strong sales forecast

Jamie McKane

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AMD share price soars due to strong sales forecast

Advanced Micro Devices Inc., the second-largest maker of computer processors, reported fourth-quarter profit that met analysts’ estimates and gave a rosy outlook for 2019 revenue, relieving concerns that the chipmaker would fare worse after rivals’ disappointing results.

Profit excluding certain items was 8 cents a share, matching the average of analyst projections compiled by Bloomberg.

[Bloomberg]
 
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