AMD Tops Analysts' Forecast Amid CEO Cloud
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Advanced Micro Devices, a principal counterpoint to Intel in the chip sector, reported fourth-quarter earnings on Thursday that narrowly topped analysts' expectations.
For the period ending Dec. 25, AMD posted earnings of 14 cents per share, ahead of the consensus forecast of 11 cents, and $106 million in net income.
But amid a solid quarter, questions linger about the abrupt departure of CEO Dirk Meyer, who was replaced earlier this month by CFO Thomas Seifert, on an interim basis.
"I'm not going to go into details," Seifert said when asked about the circumstances of Meyer's departure.
Datamation takes a look.