AMD Earnings, Revenue Beat in Q1
2022.05.04 00:06
AMD Earnings, Revenue Beat in Q1
Investing.com – AMD reported on Tuesday first quarter earnings 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
