What's Going On With AMD Stock Tuesday?
Portfolio Pulse from Adam Eckert
Advanced Micro Devices Inc (NASDAQ:AMD) is set to report its second-quarter financial results after the market close on Tuesday. Analysts expect earnings of 68 cents per share on revenue of $5.724 billion. AMD has consistently met or exceeded analyst estimates for six straight quarters. Recent analyst coverage suggests strong quarterly results, with several analysts maintaining positive ratings and adjusting price targets. AMD shares were down 2.38% at $136.43 at the time of publication.
July 30, 2024 | 4:11 pm
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AMD is set to report its second-quarter financial results after the market close on Tuesday. Analysts expect earnings of 68 cents per share on revenue of $5.724 billion. AMD has consistently met or exceeded analyst estimates for six straight quarters. Recent analyst coverage suggests strong quarterly results, with several analysts maintaining positive ratings and adjusting price targets. AMD shares were down 2.38% at $136.43 at the time of publication.
AMD is about to release its Q2 earnings, and the company has a strong track record of meeting or exceeding expectations. Positive analyst ratings and adjusted price targets suggest optimism about the upcoming results. Despite a slight dip in share price, the overall sentiment is positive, indicating a likely short-term price increase if the earnings report meets or exceeds expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100