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AMD issues Q2 2024 revenue forecast in-line with Wall Street expectations

AMD and Wall Street are on-par with their revenue expectations for the company's next quarter.

April 30, 2024 3:00 PM

AMD’s Q1 2024 earnings report showed that the company was essentially in-line with analyst expectations, and it expects the same to be true in Q2. AMD has released its Q2 2024 forecast, which is right on-par with analyst expectations.

AMD shared its revenue forecast in its Q1 2024 earnings report this afternoon. The company is expecting $5.7 billion in Q2 2024, and so is Wall Street. If that proves to be true, it would represent a small increase over the $5.5 billion in revenue that AMD earned in Q1.

AMD stock was on a downward trend in after-hours trading today. It hit as low as $147.40 per share after ending the day at $158.38.

This was just one tidbit from the earnings report that showed expected results for revenue and EPS. It’s a busy week for financial news, and you can count on Shacknews for everything you need to know.

Donovan Erskine

News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_

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