AMD beats on earnings and revenue, but third-quarter forecast comes in light

Key Points

• AMD reported earnings for the quarter ending in June that beat estimates.
• The company gave a forecast for the current quarter that came in under Wall Street expectations.

Lisa Su, president and chief executive officer of Advanced Micro Devices Inc. (AMD), speaks during a launch event in San Francisco, California, U.S., on Wednesday, Aug. 7, 2019.

David Paul Morris | Bloomberg | Getty Images

AMD reported results for the quarter ending in June that beat estimates for profit and revenue, but the chipmaker gave a forecast for the current quarter that trailed Wall Street expectations.

AMD stock fell 5% in extended trading.

Here's how the company did:

• EPS: $1.05, adjusted, versus $1.03 expected, according to Refinitiv
• Revenue: $6.55 billion, versus $6.53 billion expected, according to Refinitiv

The chipmaker said it expected $6.7 billion in revenue during the current quarter, plus or minus $200 million. Analysts expected $6.83 billion.