From Nasdaq.: 2024-07-30 17:25:05

Advanced Micro Devices (AMD) exceeded earnings expectations with $0.69 per share, compared to $0.58 a year ago. The company beat revenue estimates at $5.84 billion, up from $5.36 billion last year. Despite a 5.2% stock drop YTD, future projections are uncertain but promising based on earnings outlook and estimates.

Another player in the industry, nLight (LASR), anticipates a quarterly loss of $0.12 per share, with revenues expected to be $49.21 million, down 7.7% YoY. The company’s earnings report is set for release on August 1, with no significant changes in consensus EPS estimate over the last 30 days.

For investors looking to capture potential gains from earnings surprises, Zacks offers a report on 5 stocks projected to outperform estimates and rise in value. Leveraging earnings outlook, estimate revisions, and industry performance can guide investment decisions in the rewarding but volatile semiconductor sector.



Read more at Nasdaq.: Advanced Micro Devices (AMD) Q2 Earnings and Revenues Top Estimates