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Advanced Micro Devices Stock Moves -1.57%
Advanced Micro Devices $Advanced Micro Devices (AMD.US)$ closed the most recent trading day at $84.03, moving -1.57% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.85%. At the same time, the Dow lost 1.66%, and the tech-heavy Nasdaq lost 10.91%.
Coming into today, shares of the chipmaker had gained 0.8% in the past month. In that same time, the Computer and Technology sector lost 1.65%, while the S&P 500 lost 2.85%.
Advanced Micro Devices will be looking to display strength as it nears its next earnings release. On that day, Advanced Micro Devices is projected to report earnings of $0.56 per share, which would represent a year-over-year decline of 50.44%. Meanwhile, our latest consensus estimate is calling for revenue of $5.3 billion, down 9.89% from the prior-year quarter.
AMD's full-year Zacks Consensus Estimates are calling for earnings of $3.01 per share and revenue of $23.52 billion. These results would represent year-over-year changes of -14% and -0.35%, respectively.
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