Advanced Micro Devices (NASDAQ:AMD) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.67 by 2.99 percent. This is a 25 percent decrease over earnings of $0.92 per share from the same period last year. The company reported quarterly sales of $5.60 billion which beat the analyst consensus estimate of $5.50 billion by 1.80 percent. This is a 16.02 percent increase over sales of $4.83 billion the same period last year.
What’s Going On With Rivian Shares
Rivian Automotive Inc (NASDAQ: RIVN) shares are trading higher by 5.64% to $14.79 Tuesday morning. Major indices are higher following a softer-than-expected CPI report, which showed slowing inflation in May.