TECH - Advanced Micro Devices Falls More Steeply Than Broader Market: What Investors Need to Know | Benzinga
In the latest market close, Advanced Micro Devices (NASDAQ: AMD) reached $160.32, with a -1.81% movement compared to the previous day. This change lagged the S&P 500's 1.2% loss on the day. Elsewhere, the Dow lost 0.65%, while the tech-heavy Nasdaq lost 1.79%.
Coming into today, shares of the chipmaker had lost 14.54% in the past month. In that same time, the Computer and Technology sector lost 0.51%, while the S&P 500 lost 0.85%.
Analysts and investors alike will be keeping a close eye on the performance of Advanced Micro Devices in its upcoming earnings disclosure. The company is expected to report EPS of $0.59, down 1.67% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $5.42 billion, reflecting a 1.24% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates ...