AMD Earnings Rise, PHLX Index Up 5%
Key points:
- AMD's earnings projected to increase by 15.5%
- AMD's earnings estimate for next fiscal year is $5.18
- PHLX Semiconductor Index, including AMD, gains 5%
Advanced Micro Devices (AMD) is projected to report earnings of $0.67 per share for the current quarter, marking a change of +15.5% from the same quarter last year. For the current fiscal year, the earnings estimate stands at $3.42, indicating a year-over-year change of +29.1%.
Looking ahead to the next fiscal year, the earnings estimate is $5.18, which would be a change of +51.3% from what AMD is expected to report this year.
In other news, the PHLX Semiconductor Index, which includes AMD, has gained nearly 5% this week.