Here comes AMD earnings...
Advanced Micro Devices reports its second-quarter results after Tuesday's closing bell.
The company is expected to post a loss of $0.027 per share, on sales of $1.16 billion according to analysts surveyed by Bloomberg. AMD whiffed on its first quarter earnings, reporting a loss of $0.04.
AMD has a record of beating Wall Street's expectations, however. For the last seven quarters, AMD has exceeded earnings per share expectations by an average of 106.8%.
Here's what the Bloomberg consensus is expecting:
- GAAP EPS: -$0.027 per share
- Revenue: $1.159 billion
AMD has received a boost from cryptocurrency mining this year. Bitcoin and Ethereum have both exploded in value, and miners hoping to grab a share of these currencies have been buying up graphics processing units in droves from AMD and rival Nvidia.
Ahead of the report, millennial investors on the Robinhood platform have been selling shares more often than buying them, according to data from the company.
AMD is up 24.49% this year.
Click here to watch AMD's stock price move in real time as second quarter earnings are released…
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 11 must-visit tourist places in Nainital in 2024
- Indegene's ₹1,842 crore IPO to open on May 6
- BSE shares tank nearly 19% after Sebi directive on regulatory fee
- Nainital bucket list: 9 experiences you can't miss in 2024
- Sanju Samson likely to be India's first-choice wicketkeeper for T20 World Cup
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market