Investing.com - AMD reported second quarter earnings that matched analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.08 on revenue of $1.53B. Analysts polled by Investing.com forecast EPS of $0.08 on revenue of $1.52B. That compared to EPS of $0.14 on revenue of $1.76B in the same period a year earlier. The company had reported EPS of $0.06 on revenue of $1.27B in the previous quarter.
AMD shares lost 6.68% to trade at $31.71 in after-hours trade following the report.
AMD follows other major Technology sector earnings this month
On July 18, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Alphabet A earnings beat analysts' expectations on Thursday, with second quarter EPS of $14.21 on revenue of $38.94B. Investing.com analysts expected EPS of $11.1 on revenue of $38.15B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar