AMD Unleashes $4B Share Buyback Program Shortly After Posting Upbeat Q1 Results

by Anusuya Lahiri, Benzinga Editor
May 19, 2021 2:52 PM | 25 seconds read | Make a Comment
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  • Advanced Micro Devices Inc’s AMD board approved a new $4 billion share buyback program.
  • Last month, AMD reported upbeat Q1 results and raised its FY21 revenue growth guidance.
  • Revenue rose 93% Y/Y to $3.45 billion beating the analyst consensus of $3.21 billion. EPS of 52 cents beat the analyst consensus of 44 cents.
  • Price action: AMD shares traded higher by 1.67% at $75.70 on the last check Wednesday.
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