AMD stock price jumps due to earnings

Source: Dukascopy Bank SA


At the start of Wednesday's US trading hours, the stock price for AMD jumped more than 10.00%. The surge occurred due to better than forecast earnings report.

Namely, earnings were higher by 21.15% than forecast, as Earnings per share came in at 0.92, compared to an estimate of 0.76. Meanwhile, Revenues increased by 6.71%.

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