AMD Provides Upbeat Q1 Revenue Guidance, Q4 Results Best Street View

AMD gained in extended trading on Tuesday after the semiconductor company forecast upbeat revenue for the current quarter while reporting a narrower-than-expected loss and higher-than-estimated revenue for the most recent quarter.

For Q1, AMD expects revenue to increase 18% year-over-year, above the Capital IQ analyst expectation of 15.7% increase.

Non-GAAP net loss narrowed to $0.01 in the December quarter, from $0.10 a year earlier. Analysts had predicted a loss of $0.02 per share, according to Capital IQ estimates. Q4 revenue increased to $1.11 billion from $0.96 billion, topping the analyst consensus of $1.07 billion.

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