Advanced Micro Devices, Inc. (NASDAQ:AMD) semiconductor manufacturer, is reporting third quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.35 per share.
For the full year, analysts predict revenues of $ 8918.17 million, while looking forward to income of $ 1.10 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 2,450.00 million ~ $ 2,650.00 million
Full Year 2020 topline are forecasted in a range of$ 8,885.00 million ~ $ 8,885.00 million
Click Here For More Historical Outlooks Of Advanced Micro Devices, Inc.
Previous Quarter Performance
Advanced Micro Devices, Inc. came out with income for the second quarter of $ 0.18 per share, from the revenue of $ 1,932.00 million. The quarterly earnings expanded 125.00 percent while revenues boosted 26.19 percent compared with the same quarter last year.
Street analysts expected Advanced Micro Devices, Inc. to report income of $ 0.16 per share on revenue of $ 1860.90 million for the second quarter. The bottom line results beat street analysts by $ 0.02 or 12.50 percent, at the same time, top line results outshined analysts by $ 71.10 million or 3.82 percent.
Stock Performance
Shares of Advanced Micro Devices, Inc. traded up $ 2.54 or 3.20 percent on Friday, reaching $ 81.96 with volume of 46.56 million shares. Advanced Micro Devices, Inc. has traded high as $ 81.99 and has cracked $ 79.33 on the downward trend
According to the previous trading day, closing price of $ 81.96, representing a 147.96 % increase from the 52 week low of $ 32.03 and a 15.76 % decrease over the 52 week high of $ 94.28.
The company has a market capital of $ 96.23 billion and is part of the Technology sector and Semiconductors industry.
Conference Call
Advanced Micro Devices, Inc. will be hosting a conference call at 5:00 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.amd.com
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom.
