Investing.com - AMD reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AMD announced earnings per share of $1.13 on revenue of $5.89B. Analysts polled by Investing.com anticipated EPS of $0.91 on revenue of $5.01B.
AMD shares are down 36% from the beginning of the year and are trading at $94.13 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.39% from the start of the year.
AMD shares gained 3.29% in after-hours trade the report.
AMD follows other major Information Technology sector earnings this month
AMD's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on Tuesday, April 26, 2022 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
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