🔥Stock Prediction: How will AMD close on 2/11 after its earnings?
Click to vote. Can you predict where $AMD(AMD)$ will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.
$AMD(AMD)$ Advanced Micro Devices is scheduled to release third quarter earnings after the markets close on Tuesday November 1. Lets's guess where AMD will move following its earnings?
🔙 Latest Results
- $AMD(AMD)$ reported record revenue for an eighth straight quarter: Revenue surged 70% to a record $6.55 billion from $3.85 billion in the year-ago period
- Net income of $447 million, or 27 cents a share, compared with $710 million, or 58 cents a share, in the year-ago period.
- Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.05 a share, compared with 63 cents a share in the year-ago period.
📒AMD Q3 earnings consensus
Wall Street forecasts revenue will rise 31% from last year in the third quarter to $5.7 billion and adjusted EPS is expected to fall 7.2% to $0.68.
💡Highlights of AMD Q3 earnings preview
AMD cut its revenue forecast for the most recent quarter citing weaker-than-expected demand for the personal computers that use its chips.The chip maker, which sells central processing units for laptops and desktops alongside a large videogame graphics chip business, on Thursday said it expected about $5.6 billion of sales in the just-ended quarter, about $1.1 billion less than it previously said it was expecting when it issued a subdued outlook in August.
For more information about AMD Earnings Preview, please click here
💰Activity Details
- Click to vote. Guess where $AMD(AMD)$ will move following their earnings? If you get correct answers, you can get 20 Tiger Coins.
- Reply and forward this post, share your insights about AMD's financial reports, we will give 100 Tiger Coins with outstanding comments.
⏰Event Time
The deadline for this event is 21:00 on Wednesday, 2 November 2022
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How will AMD close on 2/11 after its earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
The spotlight will shine today on Lisa Su, CEO of AMD as she takes centrestage to report AMD's 3Q22 earnings. AMD closed 0.67% down today at 59.66. AMD has also plummeted by 60% year to date from a euphoric high of 164.46.
The main concern is the slowdown in the PC markets. AMD has slashed its Q322 revenue guidance by USD 1.1 billion to USD 5.6 billion. It expects year over year revenue growth of 29% instead of 55%. However the growth in data centres is up by 45% and gaming by 14%. These 2 sectors account for 40% of AMD's revenue.
AMD is also facing headwinds of the recent ban by US of high end chips to China, high inflation, slowing global economy and the strong US Dollar.
I predict AMD to close down in the reds today after its earnings report. Its share price is testing 59 amidst the Bearish sentiments in the market.
However at P/E ratio of 25.09, AMD is a strong buy as it has substantial growth potential ahead. Short term pain, long term gain.
@Tiger_Earnings