AMD: Digging Into Revenue Targets
The CFO did not guide down at a recent technology conference.
The GPU blockchain weakness actually provides a tailwind going forward.
2020 targets of $10.0 billion in sales and $1.75 EPS are doable as average analyst estimates appear more a base case.
A lot is being made of the AMD (AMD) CFO comments at a conference surrounding low revenue numbers while my previous research had generally questioned the company and analyst estimates as being too low. A lot of disconnect exists in regard to the general bullish market expectations and actual estimates.
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