Advanced Micro Devices (AMD) stock is reversing course in after-hours trading, shedding the day's gains after reporting third quarter earnings results. The chip giant posted a revenue beat of $6.8 billion (estimates were for $6.71 billion) while profits came in line with expectations for adjusted earnings of $0.92 per share.

Yahoo Finance special reporter Akiko Fujita joins Market Domination Overtime to look deeper into the earnings print, noting Wall Street's increasingly high expectations for the semiconductor manufacturer. AMD published fourth quarter revenue guidance between $7.2 billion to $7.8 billion, while analysts were forecasting $7.55 billion.

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This post was written by Luke Carberry Mogan.