🔴 AMD is trading 6.92% down in pre-market after Q4 earnings beat but weak Q1 guidance disappoints

AMD is trading at -6.92% now at $225.36 following its February 3rd earnings report, driven by disappointment over the projected $9.8B Q1 revenue guidance which implies a sequential decline.

• Q4 results beat expectations, reporting $1.53 EPS (vs. $1.32 estimated) and $10.27B revenue (vs. $9.65B consensus).
• The projected Q1 guidance represents a 5% sequential decline, disappointing investors looking for stronger momentum relative to peers posting 40%+ gains this earnings season.
• Shares had already gained 37% in the past six months leading into the report, suggesting inflated expectations were priced in.