US Stocks: Amazon & AMD Q1 Earnings Release
Both Amazon and AMD released their Q1 earnings early this morning after market close, however one companies share is going up, and the other is going down in price.
$Advanced Micro Devices(AMD.US$: Shares down 6.57% post market
Earnings for Q1:
Earnings per share: 62 cents adjusted versus 61 cents expected
Revenue: $5.47 billion vs. $5.46 billion expected.
AMD said it expects about $5.7 billion in sales in the current quarter, in line with Wall Street estimates of the same approximate total. That would represent about 6% annual growth (CNBC).
$Amazon(AMZN.US$: Shares up 1.3% post market
Earnings for Q1:
Earnings per share: 98 cents vs. 83 cents expected by LSEG
Revenue: $143.3 billion vs. $142.5 billion expected by LSEG
Amazon Web Services: $25 billion vs. $24.5 billion in revenue, according to StreetAccount
Advertising: $11.8 billion vs. $11.7 billion in revenue, according to StreetAccount
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