AMD beats third-quarter sales, but fourth-quarter guidance falls short

Advanced Micro Devices (AMD) stock reverses course in after-hours trading, giving up daily gains after reporting third-quarter earnings results. The chip giant reported a revenue increase of $6.8 billion (up from estimates of $6.71 billion), while profit met expectations for adjusted earnings of $0.92 per share.

Yahoo Finance special reporter Akiko Fujita joins Market Domination Overtime to take a deeper look at the earnings numbers, pointing to Wall Street's ever-increasing expectations for the semiconductor maker. AMD issued fourth-quarter revenue guidance between $7.2 billion and $7.8 billion, while analysts forecast $7.55 billion.

To see more expert insights and analysis on the latest market activity, check out more Market Domination Overtime here.

This post was written by Luke Carberry Mogan.