Advanced Micro Devices stock (NASDAQ NASDAQ : AMD) recently published its Q1 2024 results which were slightly better than expected. While net income came in at $123 million compared to a net loss in the year-ago period, revenue was up about 2% from a year earlier to $5.47 billion.
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AMD reported Q1 sales and earnings yesterday that beat the average Wall Street target. But performance still fell short of higher-end estimates, and growth was relatively low.
AMD matched expectations and sees modest revenue growth in the second quarter. Data center growth is strong, but the gaming and embedded segments are lagging.
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