Investing.com - AMD reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AMD announced earnings per share of $1.05 on revenue of $6.55B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $6.53B.
AMD shares are down 31% from the beginning of the year and are trading at $94.75 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is down 20.95% from the start of the year.
AMD shares lost 4.57% 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 $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
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