AMD inventory simply posted blowout earnings however tanked 12% anyway. What is going on on?
Superior Micro Units (NASDAQ: AMD) simply gave us an ideal instance of why earnings season could be so complicated for brand new merchants. The chipmaker completely crushed expectations on Tuesday, February third, reporting income of $10.27 billion versus estimates of $9.67 billion and earnings per share of $1.53 versus expectations of $1.32. That is a large beat on each fronts.
So naturally, the inventory dropped 12% the subsequent day.
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