How did the company justify the restatement of earnings?
AMD 4Q Adjusted EPS Beats Estimates
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Business
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University
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Hard
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The video discusses a major chip scandal affecting all chip makers, focusing on AMD's stock reaction to a disappointing earnings forecast and a restatement of earnings due to accounting principle 606. This principle affects revenue recognition, potentially impacting future earnings and market perception.
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OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What concerns did the market have regarding AMD's financial reporting?
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