AMD Earnings Beat Wall Street

It's Benzinga, bringing Wall Street to Main Street. Advanced Micro Devices beat Wall Street's third-quarter earnings expectations as revenue jumped 45% and data center sales nearly doubled, according to CNBC. The report sent shares up 8% in extended trading on Tuesday. AMD reported third-quarter adjusted earnings of $2.09 per share on revenue of $13.38 billion, beating Wall Street expectations. Data centers accounted for 64% of AMD's total revenue, up from 47% a year earlier. CEO Lisa Su expects server revenue to double in 2027 as demand for artificial intelligence accelerates. AMD also forecast fourth quarter revenue of about $17 billion, above analysts' expectations of $16.2 billion. Meanwhile, its PC and gaming business reported an 8% revenue decline, with gaming sales falling 40%. For all things money, visit Benzinga.com.