The Zhitong Finance App learned that on Wednesday, American Ultra Micro (AMD.US) fell more than 7% to $480.71. According to the news, after the market on August 4, AMD announced financial results for the second quarter. Although both revenue and profit exceeded expectations, the median revenue guidance given for the third quarter was about 13 billion US dollars, which failed to meet the previous high expectations of more than 14 billion US dollars by some aggressive investors. Capital expenditure for the second quarter reached 808 million US dollars, far exceeding market estimates of 298.6 million US dollars, a sharp increase over the previous year, causing market concerns about the erosion of the company's profitability.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that on Wednesday, American Ultra Micro (AMD.US) fell more than 7% to $480.71. According to the news, after the market on August 4, AMD announced financial results for the second quarter. Although both revenue and profit exceeded expectations, the median revenue guidance given for the third quarter was about 13 billion US dollars, which failed to meet the previous high expectations of more than 14 billion US dollars by some aggressive investors. Capital expenditure for the second quarter reached 808 million US dollars, far exceeding market estimates of 298.6 million US dollars, a sharp increase over the previous year, causing market concerns about the erosion of the company's profitability.
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