Intel Corporation (NASDAQ:INTC) shares are trading lower by 3.91% to $34.40 Wednesday morning. Shares of chip stocks are trading lower after Advanced Micro Devices, Inc. (NASDAQ:AMD) on Wednesday reported second-quarter earnings results.
What Happened With AMD?
Advanced Micro Devices posted quarterly earnings of $0.58 per share, surpassing the analyst consensus estimate of $0.57 by 1.75%. However, there was a 44.76% decrease in earnings compared to $1.05 per share from the same period last year.
The company’s quarterly sales amounted to $5.36 billion, slightly exceeding the analyst consensus estimate of $5.32 billion by 0.68%. Nevertheless, there was an 18.18% decrease in sales compared to $6.55 billion in the same period last year…Read More
According to data from Benzinga Pro, Intel has a 52-week high of $40.42 and a 52-week low of $24.59.
