* Advanced Micro Devices Inc is expected to show a rise in quarterly revenue when it reports results on July 30 for the period ending June 30 2024
* The Santa Clara California-based company is expected to report a 6.8% increase in revenue to $5.724 billion from $5.36 billion a year ago, according to the mean estimate from 34 analysts, based on LSEG data.The company's guidance on April 30 2024, for the period ended June 30, was for revenue between $5.40 billion and $6.00 billion.
* LSEG's mean analyst estimate for Advanced Micro Devices Inc is for earnings of 68 cents per share.
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 41 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.
* Wall Street's median 12-month price target for Advanced Micro Devices Inc is $197.88, above its last closing price of $138.32.
The company's guidance on April 30 2024 for the period ended June 30 was for gross profit margin of USD53%. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Mar. 31 2024 0.63 0.61 0.62 Beat 1.7
Dec. 31 2024 0.78 0.77 0.77 Met -0.3
Sep. 30 2023 0.68 0.68 0.70 Beat 3.4
Jun. 30 2023 0.57 0.57 0.58 Beat 1.5
Mar. 0.56 0.56 0.60 Beat 6.4
31 2023
Dec. 31 2022 0.67 0.67 0.69 Beat 3.3
Sep. 30 2022 0.70 0.68 0.67 Missed -2.1
Jan. 1 0001 1.05 1.03 1.05 Beat 1.6
This summary was machine generated July 26 at 21:02 GMT. 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)
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