Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading higher by 2.64% to $74.36 during Tuesday’s session. Traders and investors are watching for the company’s fourth-quarter earnings announcement, confirmed for after the market close.
According to analyst consensus estimates, AMD is expected to report revenue of $5.5 billion on EPS of 67 cents.
Rival Intel Corp. (NASDAQ:INTC) reported last week non-GAAP EPS of $0.10, half as much as the Street forecast. Revenue came in at $14 billion, down 28% year-over-year and missing the consensus estimate of $14.45 billion.
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AMD has a 52-week high of $132.96 and a 52-week low of $54.57.
