AMD among top 10 in activity on Nasdaq
Advanced Micro Devices Inc. was one of the 10 most actively traded Nasdaq stocks Monday, ahead of its earnings report due out Thursday.
On average, analysts expect the chipmaker to report a per-share profit of 7 cents for the second quarter. That compares with a 49-cent loss a year earlier.
The average revenue estimate of $1.55 billion is up from $1.2 billion a year ago.
More than 36 million AMD shares traded Monday, about 20 percent more than usual. The shares closed at $7.36, up 2 cents.
AMD’s finances have been improving since it spun off its manufacturing operations as a separate company. Additionally, an improving personal computer market has increased demand for chips.