Here's what's on Jim Cramer's mind Wednesday, Jan. 30.
Advanced Micro Devices (AMD) - Get Report said non-GAAP earnings for the three months in December came in at 8 cents per share, matching the Street consensus and rising from 1 cent per share over the same period last year. Group revenues jumped 5.9% to $1.419 billion, AMD said, but that figure narrowly missed the $1.44 billion consensus estimates.
"2018 was another strong year for AMD. Increased adoption of our high performance products drove a second straight year of double-digit annual revenue growth, expanded gross margins and improved profitability," CEO Lisa Su told investors on a conference call late Tuesday. "While headwinds remain in the graphics channel and macro uncertainties are causing some caution in the first half of 2019, we believe we are well positioned to gain share throughout the year and accelerate growth as we ramp our next generation 7 nanometer products."
Surprise! Says Boeing
TheStreet's Martin Baccardax reported on the earnings.
Services are Important
After cautioning investors earlier this month that sales over the three months ending in December, the company's fiscal first quarter, would slow to around $84 billion thanks in part to tepid China growth, Apple posted modestly stronger earnings and revenue for the period, including a robust margin for its fast-growing services division, and said current-quarter sales would likely match the Street consensus of around $59 billion.
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