Advanced Micro Devices Inc (AMD)

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Advanced Micro Devices, Inc. to Post Q3 2021 Earnings of $0.47 Per Share, Oppenheimer Forecasts (AMD)
By: MarketBeat | May 3, 2021

Advanced Micro Devices, Inc. (NASDAQ:AMD) - Equities researchers at Oppenheimer lifted their Q3 2021 earnings estimates for Advanced Micro Devices in a report released on Wednesday, April 28th. Oppenheimer analyst R. Schafer now expects that the semiconductor manufacturer will post earnings per share of $0.47 for the quarter, up from their previous forecast of $0.44. Oppenheimer also issued estimates for Advanced Micro Devices' FY2021 earnings at $1.88 EPS, Q1 2022 earnings at $0.52 EPS, Q2 2022 earnings at $0.57 EPS, Q3 2022 earnings at $0.65 EPS, Q4 2022 earnings at $0.67 EPS and FY2022 earnings at $2.43 EPS. Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Monday, April 26th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.08. The firm had revenue of $3.45 billion during the quarter, compared to analysts' expectations of $3.20 billion. Advanced Micro Devices had a return on equity of 33.04% and a net margin of 10.17%. The business's quarterly revenue was up 92.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS.

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