TXN - What's Going On With Advanced Micro Devices Stock? | Benzinga
Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are moving Wednesday after Texas Instruments, Inc. (NASDAQ:TXN) reported better-than-expected first-quarter results.
The Details:
Texas Instruments reported quarterly earnings of $1.20 per share, beating estimates of $1.08 per share, and revenue of $3.66 billion, which beat the consensus estimate of $3.611 billion.
AMD is set to report its first-quarter results on April 30 after the market close. According to estimates from Benzinga Pro, analysts expect the company to report earnings of 61 cents per share and quarterly revenue of $5.459 billion.
Last week, AMD announced its new AMD Ryzen PRO 8040 Series with x86 processors and the AMD Ryzen PRO 8000 Series desktop processor, the first ...