Investing.com - AMD reported on Tuesday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
AMD announced earnings per share of $0.18 on revenue of $1.79B. Analysts polled by Investing.com anticipated EPS of $0.18 on revenue of $1.78B. That with comparison to EPS of $0.06 on revenue of $1.27B in the same period a year before.AMD had reported EPS of $0.32 on revenue of $2.13B in the previous quarter.Analysts are expecting EPS of $0.21 and revenue of $1.89B in the upcoming quarter.
AMD shares are up 21% from the beginning of the year and are trading at $53.00 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 1.42% year to date.
AMD shares lost 4.56% in after-hours trade following the report.
AMD follows other major Technology sector earnings this month
AMD's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $9.87 on revenue of $41.16B, compared to forecasts EPS of $10.26 on revenue of $40.99B.
Alphabet A had missed expectations on Tuesday with first quarter EPS of $9.87 on revenue of $41.16B, compared to forecast for EPS of $10.71 on revenue of $40.99B.
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