Investing.com - AMD reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AMD announced earnings per share of $0.92 on revenue of $4.83B. Analysts polled by Investing.com anticipated EPS of $0.7599 on revenue of $4.52B.
AMD shares are up 3% from the beginning of the year, still down 28.99% from its 52 week high of $164.46 set on November 30, 2021. They are outperforming the S&P 500 which is down 4.61% from the start of the year.
AMD shares gained 11.36% in after-hours trade following the report.
AMD follows other major Information Technology sector earnings this month
AMD's report follows an earnings beat by Apple on Thursday, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar