AMD Stock Slips as Q4 Earnings Expected to Cool; Long-Term Growth Outlook Still Strong

• AMD stock fell 1.81% compared to 1.2% drop in S&P 500 and 0.65% loss in Dow; AMD lagged broader market • AMD expected to report Q4 EPS of $0.59, down 1.67% year-over-year; revenue projected to rise 1.24% to $5.42B • For full fiscal year, consensus estimates call for EPS of $3.44, up 29.81% and revenue of $25.2B, up 11.1% • AMD has Zacks Rank #3 (Hold); electronics semiconductors industry ranks in bottom 30% out of 250+ industries • AMD currently has premium Forward P/E of 47.53 compared to industry average of 33.95; also has higher PEG ratio of 1.91 vs. industry average of 2.9