The stock plunged 6% before heading higher, and are now up 2.95% to US$13.25 as its fourth quarter results beat analysts' expectations on the top and bottom lines.
AMD falls despite beating Q4 estimates https://t.co/2W2FbC6rcW— CNBC (@CNBC) 30 January 2018
The firm also reported strong guidance. Where other companies have had to pay fees for tax reform, AMD said it received a one-time tax credit of US$18mln.
Notably, AMD shares are up over 25% in the year to date.
Elsewhere, Electronic Arts Inc (NASDAQ:EA), the video games firm, saw shares jump over 8.5% after the bell, after it reported third quarter revenue, that slightly missed expectations but reported guidance for the fourth quarter, which beat analysts' expectations.
Last but not least, Juniper Networks Inc (NYSE:JNPR) fell more than 8.6% in extended trading. The networking hardware company reported fourth quarter earnings of US$0.53 per share on revenue of US$1.24bn, just beating analysts' expectations of US$0.52 EPS on revenue of US$1.23bn.