AMD beats Q2 EPS and revenue estimates, shares drop after hours on surge in capex

KHC -2.80% APA +2.64% SOLV +3.67%

1. 1AMD (AMD) topped market expectations after the bell on Tuesday with Q2 adjusted EPS of $1.66 and revenue of $11.54 billion
2. 2Q2 capital expenditure came in at $808 million, well above the expected $298.6 million, and Q3 revenue guidance is $12.7 billion to $13.3 billion
3. 3Shares fell roughly 9% in after-hours trading immediately following the release, with the ramp-up in capex cited as the main driver of the initial reaction

Source Yahoo Finance Video +5 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →