Why AMD Shares Are Falling

Shares of several companies in the broader tech sector, including Advanced Micro Devices, Inc. AMD are trading lower in sympathy with Asana ASAN and DocuSign DOCU after the companies reported their third-quarter earnings results.

Asana reported quarterly losses of 23 cents per share which beat the analyst consensus estimate of a loss of 26 cents per share. The company reported quarterly sales of $100.30 million which beat the analyst consensus estimate of $93.86 million by 7%.

DocuSign reported quarterly earnings of 58 cents per share which beat the analyst consensus estimate of 46 cents per share. The company reported quarterly sales of $545.46 million which beat the analyst consensus estimate of $530.63 million by 3%.

AMD is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets.

AMD has a 52-week high of $164.46 and a 52-week low of $72.50.