Examining the Future: Advanced Micro Devices's Earnings Outlook

Advanced Micro Devices AMD is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.

Analysts estimate that Advanced Micro Devices will report an earnings per share (EPS) of $0.91.

The market awaits Advanced Micro Devices's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings History Snapshot

During the last quarter, the company reported an EPS beat by $0.01, leading to a 4.36% increase in the share price on the subsequent day.

Here's a look at Advanced Micro Devices's past performance and the resulting price change:

Performance of Advanced Micro Devices Shares

Shares of Advanced Micro Devices were trading at $156.23 as of October 25. Over the last 52-week period, shares are up 60.43%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Advanced Micro Devices visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.