Advanced Micro Devices (AMD) Q3 Financial Results Exceed Expectations

Advanced Micro Devices (NASDAQ: AMD) released its third-quarter financial results on Tuesday, showcasing revenue that surpassed analysts’ expectations and earnings per share in line with expectations.

The company’s latest financial report revealed earnings per share of $0.92 and total revenue of $6.82B. A previous survey of analysts by Investing.com had predicted revenue of $6.71B and earnings per share of $0.92.

Following the financial report’s release, shares of Advanced Micro Devices (AMD) fell 4.65% in after-hours trading, trading around $158.55.

Year-to-date, the share price of AMD, an American company, has risen by 12%, lower than the 22.15% rise of the Nasdaq 100 in the same period.

Prior to AMD’s financial report release, several U.S. stock companies in the technology industry announced their financial reports this month. Alphabet C released its third-quarter earnings on Tuesday, with earnings per share of $2.12 and revenue of $88.27B, surpassing Wall Street’s expectations of $1.84 per share and revenue of $86.37B.

Alphabet A’s earnings report, also released on Tuesday, beat analysts’ expectations, with earnings per share of $2.12 and revenue of $88.27B, exceeding Investing.com’s survey of analysts that predicted earnings per share of $1.84 and revenue of $86.37B.