AMD's Data Center Revenue Hits Record High But Misses Expectations

Advanced Micro Devices (AMD) posted fourth-quarter revenue and adjusted earnings that beat expectations, but data center sales came up short. The chipmaker's revenue grew 24% year-over-year to a record $7.66 billion, above the analyst consensus compiled by Visible Alpha. Earnings came in at$482 million, or 29 cents per share, down from $667 million, or 41 cents per share, a year earlier, falling short of expectations. However, on an adjusted basis, AMD's earnings of$1.78 billion, or $1.09 per share, beat ...