Advanced Micro Devices (AMD) saw a 14.5% increase in shares since last earnings report.

From Nasdaq: 2024-05-30 11:31:02

Advanced Micro Devices (AMD) saw shares rise 14.5% since its last earnings report. Q1 earnings beat estimates at 62 cents per share, up 3.3% year over year. Revenues totaled $5.47 billion, up 2.2% year over year. Data Center revenues surged 80.5%, Client revenues soared 85.1%, while Gaming revenues fell 47.5%.Operating margins contracted 20% year over year.AMD expects second-quarter revenues of $5.7 billion, representing 6% year-over-year growth. However, estimates have trended downward in the past month, with a VGM Score of F. Amkor Technology (AMKR) from the same industry reported revenues of $1.37 billion, down 7.2% year over year. EPS was $0.24, up from $0.18 the previous year. The stock has a Zacks Rank #1 (Strong Buy).Zacks experts see great potential in one stock targeting millennial and Gen Z audiences, with nearly $1 billion in revenue last quarter. Current pullback presents an ideal entry point. Previous Zacks picks like Nano-X Imaging shot up +129.6% in just over 9 months. Download 7 Best Stocks for the Next 30 Days for the latest recommendations.



Read more at Nasdaq: Advanced Micro (AMD) Up 14.5% Since Last Earnings Report: Can It Continue?