Despite the successfully completed quarter, AMD share fell by 13.5%
Yesterday, AMD has published a report on the results of the third quarter of the 2017 financial year, which, thanks to good sales of both CPU and GPU, has proven successful, especially compared to the same period last year.
But even the fact that net profit ($71 million) was replaced by a huge loss (406 million dollars), has not pleased investors. The result was the fall of the company’s shares is 13.5%! At the moment the securities are sold at AMD 12.33 USD.
The reason for this was the forecast for the current quarter, according to which AMD expects lower revenue in the 13-18% QoQ. But it is worth noting that today is expected to announce Ryzen mobile APUS, so AMD share may rise again in price.