Investing.com - AMD reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AMD announced earnings per share of $0.92 on revenue of $4.83B. Analysts polled by Investing.com anticipated EPS of $0.7599 on revenue of $4.52B.
AMD shares are down 18% from the beginning of the year and are trading at $128.99 , down-from-52-week-high.They are under-performing the Nasdaq which is down 8.3% from the start of the year.
AMD shares gained 10.46% 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 $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.71B.
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