What's Going On With AMD Shares

Advanced Micro Devices, Inc. AMD shares are trading higher by 2.15% to $116.86 Tuesday afternoon. The stock is rising in anticipation of the company's second-quarter earnings report, confirmed for Tuesday's after-hours session.

See Also: Analyst Ratings For Advanced Micro Devices

AMD Earnings Preview

According to analysts' estimates, AMD is expected to report second-quarter earnings per share of 52 cents, a significant decrease from the previous year's figure of $1.05 per share. Expectations have been notably revised down from the initial forecast of 62 cents per share at the beginning of the quarter.

It is worth noting that AMD has outperformed bottom-line expectations in three out of the last four quarters....Read More

According to data from Benzinga Pro, AMD has a 52-week high of $132.83 and a 52-week low of $54.57.