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AMD Earnings, Revenue Beat in Q1 By Investing.com

© Reuters. AMD Earnings, Revenue Beat in Q1

Investing.com – AMD reported on Tuesday very first quarter that beat experts’ projections and profits that topped expectations.

AMD revealed incomes per share of $1.13 on profits of $5.89B. Analysts surveyed by Investing.com expected EPS of $0.91 on profits of $5.01B.

AMD shares are down 4.69% from the start of the year, still down 44.59% from its 52 week high of $164.46 set on November 30, 2021. They are outshining the S&P 500 which is down 12.39% from the start of the year.

AMD shares acquired 4.25% in after-hours trade following the report.

AMD follows other significant Information Technology sector incomes this month

AMD’s report follows a revenues beat by Apple on Thursday, who reported EPS of $1.52 on profits of $97.28B, compared to projections EPS of $1.42 on profits of $94.03B.

Microsoft had actually beat expectations on April 26 with 3rd quarter EPS of $2.22 on profits of $49.36B, compared to anticipate for EPS of $2.19 on profits of $49.02B.

Stay updated on all of the approaching incomes reports by checking out Investing.com’s incomes calendar

Blake

News and digital media editor, writer, and communications specialist. Passionate about social justice, equity, and wellness. Covering the news, viewing it differently.

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