Wed, 02 Feb 2022 14:50:02 GMT
AMD stock price jumps due to earnings
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%.