* Advanced Micro Devices Inc reported quarterly adjusted earnings of 92 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of thirty seven analysts for the quarter was for earnings of 92 cents per share. Wall Street expected results to range from 87 cents to 96 cents per share.
* Revenue rose 17.6% to $6.82 billion from a year ago; analysts expected $6.71 billion.
* Advanced Micro Devices Inc's reported EPS for the quarter was 47 cents.
* The company reported quarterly net income of $771 million.
* Advanced Micro Devices Inc shares had fallen by 2.5% this quarter and gained 8.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 43 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the semiconductors peer group is also "buy"
Wall Street's median 12-month price target for Advanced Micro Devices Inc is $190.00 This summary was machine generated from LSEG data October 30 at 02:49 a.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.92 0.92 Met
Jun. 30 2024 0.68 0.69 Beat
Mar. 31 2024 0.61 0.62 Beat
Dec. 31 2023 0.77 0.77 Met
