Advanced Micro Devices, Inc(NASDAQ:AMD) was trading flat Tuesday ahead of its first-quarter earnings print set to take place after the market closes.
When AMD printed its fourth-quarter earnings on Jan. 30, the stock dropped about 2.5% the following day and continued to trade mostly sideways until Feb. 29, when the chipmaker started to make a series of new all-time highs, which brought the stock to a new high of $227.30 on March 8.
For that quarter, AMD reported second-quarter non-GAAP earnings per share of 77 cents, in line with the consensus estimate. The semiconductor stock printed revenues of $6.17 billion...
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