AMD Earnings, Revenue Beat in Q1 By Investing.com


© Reuters. AMD Earnings, Revenue Beat in Q1

Investing.com – AMD reported on Tuesday first quarter that beat analysts’ forecasts and revenue that topped expectations.

AMD announced earnings per share of $1.13 on revenue of $5.89B. Analysts polled by Investing.com anticipated EPS of $0.91 on revenue of $5.01B.

AMD shares are down 4.69% from the beginning of the year, still down 44.59% from its 52 week high of $164.46 set on November 30, 2021. They are outperforming the S&P 500 which is down 12.39% from the start of the year.

AMD shares gained 4.25% in after-hours trade following the report.

AMD follows other major Information Technology sector earnings this month

AMD’s report follows an earnings beat by Apple on Thursday, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.

Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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