What's Going On With AMD Shares
Portfolio Pulse from Henry Khederian
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading higher by 2.15% to $116.86 in anticipation of the company's Q2 earnings report. Analysts estimate earnings per share of 52 cents, a decrease from last year's $1.05 per share. AMD has outperformed bottom-line expectations in three out of the last four quarters.
August 04, 2023 | 9:47 am
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AMD shares are up 2.15% ahead of its Q2 earnings report. Analysts predict a decrease in earnings per share compared to last year, but AMD has a history of outperforming expectations.
The rise in AMD's stock price indicates investor optimism ahead of the earnings report. Despite the predicted decrease in earnings per share, AMD's history of outperforming expectations may be contributing to this optimism.
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