AMD is set to report earnings this Tuesday after market hours. Last quarter, the company exceeded revenue expectations by 3.4%, reporting $7.69 billion in revenue, up 31.7% year on year. Analysts are expecting revenue to grow 28.4% to $8.76 billion this quarter, with adjusted earnings of $1.17 per share. AMD has a history of beating Wall Street’s expectations and is up 26.1% in the last month. Peers like Intel and Penguin Solutions have already reported results, with Intel’s stock price remaining unchanged and Penguin Solutions down 15.9%. Positive sentiment in the processors and graphics chips segment has seen share prices rise 3.1% on average in the last month.
Read more at StockStory Media: AMD (AMD) Reports Earnings Tomorrow: What To Expect
