Advanced Micro Devices Q1 2024 Adj EPS $0.62 Beats $0.61 Estimate, Sales $5.473B Beat $5.459B Estimate
Portfolio Pulse from Benzinga Newsdesk
Advanced Micro Devices (AMD) reported Q1 2024 earnings of $0.62 per share, surpassing the consensus estimate of $0.61. Sales reached $5.473 billion, slightly above the $5.459 billion estimate, marking a 2.24% increase from the previous year.
April 30, 2024 | 8:16 pm
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AMD's Q1 2024 earnings exceeded expectations with an EPS of $0.62 and sales of $5.473B, indicating a positive growth trajectory.
AMD's earnings beat is significant as it not only surpassed the EPS estimate but also showed an increase in sales compared to the previous year. This positive performance could lead to increased investor confidence and a potential uptick in AMD's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100