[News] AMD Reports First Quarter 2018 Financial Results

[StyM]

https://www.techpowerup.com/243682/a...ancial-results

AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2018 of $1.65 billion, operating income of $120 million, net income of $81 million, and diluted earnings per share of $0.08. On a non-GAAP basis, operating income was $152 million, net income was $121 million, and diluted earnings per share was $0.11.

"The first quarter was an outstanding start to 2018 with 40 percent year-over-year revenue growth," said Dr. Lisa Su, AMD president and CEO. "PC, gaming and datacenter adoption of our new, high-performance products continues to accelerate. We are excited about our long-term roadmaps and focused on delivering sustained revenue growth and profitability."

[Kai Robinson]

And yet the stock price goes down....wtf?