Investing.com - AMD reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AMD announced earnings per share of $0.73 on revenue of $4.31B. Analysts polled by Investing.com anticipated EPS of $0.6627 on revenue of $4.11B.
AMD shares are up 22% from the beginning of the year , still down 3.33% from its 52 week high of $127.17 set on Tuesday, October 26, 2021. They are broadly in line with the S&P 500 which is up 21.8% year to date.
AMD shares gained 0.55% in after-hours trade the report.
AMD follows other major Technology sector earnings this month
AMD's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.84 on revenue of $63.47B.
Facebook had beat expectations on Monday with third quarter EPS of $3.22 on revenue of $29.01B, compared to forecast for EPS of $3.19 on revenue of $29.58B.
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