UPDATE: Advanced Micro Devices (AMD) Misses Q4 EPS by 1c

(Updated - January 20, 2015 4:18 PM EST)

Advanced Micro Devices (NASDAQ: AMD) reported Q4 EPS of $0.00, $0.01 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.24 billion.

"We made progress diversifying our business, ramping design wins and improving our balance sheet this past year despite challenges in our PC business," said Dr. Lisa Su, AMD president and CEO. "Annual Enterprise, Embedded and Semi-Custom segment revenue increased over 50% as customer demand for products powered by our high-performance compute and rich visualization solutions was strong. We continue to address channel headwinds in the Computing and Graphics segment and are taking steps to return it to a healthy trajectory beginning in the second quarter of 2015."

For Q1 2015, AMD expects revenue to decrease 15 percent, plus or minus 3 percent, sequentially. (About $1.05 billion at the midpoint and a range of $1.02 billion to $1.09 billion.) The Street is looking for revs of $1.2 billion.

For earnings history and earnings-related data on Advanced Micro Devices (AMD) click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• AstraZeneca (AZN) Tops Q1 EPS by 110c; reaffirms guidance
• HSBC Upgrades UPS (UPS) to Buy, 'Back to earnings growth'