Advanced Micro Devices Inc reports results for the quarter ended March 31 - Earnings Summary

• Advanced Micro Devices Inc AMD.OQ reported quarterly adjusted earnings of 96 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of thirty eight analysts for the quarter was for earnings of 94 cents per share. Wall Street expected results to range from 90 cents to $1.05 per share.

• Revenue rose 35.9% to $7.44 billion from a year ago; analysts expected $7.13 billion.

• Advanced Micro Devices Inc's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $709 million.

• Advanced Micro Devices Inc shares had fallen by 2.1% this quarter and lost 16.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 32 "strong buy" or "buy," 18 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Advanced Micro Devices Inc is $130.00

This summary was machine generated from LSEG data May 6 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)