Advanced Micro Devices (AMD) closed at $232.89, down 1.13% from the previous session, lagging behind the S&P 500, Dow, and Nasdaq. Shares surged by 47.65% in the past month, outperforming the Computer and Technology sector and S&P 500. Analysts expect an EPS of $1.16 and revenue of $8.71 billion in upcoming earnings.

Investors await AMD’s earnings report, predicting a 26.09% rise in EPS and a 27.77% increase in revenue from the previous year. Analysts’ estimates for the full year anticipate earnings of $3.93 per share and revenue of $32.84 billion, reflecting positive changes. AMD currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 59.97.

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Read more at Nasdaq: Advanced Micro Devices (AMD) Suffers a Larger Drop Than the General Market: Key Insights