AMD (AMD, $99.29) beats fiscal Q2 earnings...

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published in Blogs

Aug 03, 2022

AMD (AMD, $99.29) beats fiscal Q2 earnings expectations

Advanced Micro Devices, Inc. (AMD) reported its fiscal second quarter earnings that topped analysts’ expectations, while revenue was close to estimates.

The semiconductor company’s earnings for the quarter were $1.05 per share, which exceeded analyst’ expectations of $0.91 per share.

Revenue surged +70% year-over-year to $6.6 billion, in line with expectations.

The company’s revenue from its Data Center segment was up +83% from the year-ago quarter to $1.5 billion. Client segment revenue was up +25% y/y to $2.2 billion. Revenue from Gaming business rose +32% y/y to $1.7 billion. Embedded segment revenue grew 2,228% y/y.

Looking ahead, AMD expects revenue for its fiscal third quarter to be about $6.7 billion, (plus or minus $200 million). For the full fiscal year 2022, the company projects revenue to be around $26.3 billion (plus or minus $300 million) –which would imply a +60% increase over 2021.

Related Tickers: AMD

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published in Blogs

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published in Blogs

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published in Blogs

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published in Blogs

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Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

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published in Blogs

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US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.

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