Published , by Donovan Erskine
Published , by Donovan Erskine
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.