Advanced Micro Devices Q2 EPS $0.58 Beats $0.57 Estimate, Sales $5.36B Beat $5.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
Advanced Micro Devices (AMD) reported Q2 earnings of $0.58 per share, beating the analyst consensus estimate of $0.57 by 1.75%. However, this is a 44.76% decrease from the same period last year. The company also reported quarterly sales of $5.36 billion, beating the estimate of $5.32 billion by 0.68%, but this is an 18.18% decrease from last year.
August 04, 2023 | 10:23 am
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AMD's Q2 earnings and sales beat estimates but are significantly lower than the same period last year.
While AMD beat the estimates for Q2 earnings and sales, the significant decrease from the same period last year could potentially offset any positive impact from beating the estimates. Therefore, the short-term impact on the stock price is neutral.
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