Today’s the day — Advanced Micro Devices, Inc. (NASDAQ:$AMD) and AT&T Inc. (NYSE:$T) will be releasing their quarter two earnings report today after the market close. As investors prepare themselves for the news, many are left wondering: ‘What should we expect after the closing bell and who will report the top earnings?’
Advanced Micro Devices, Inc.
As mentioned, AMD is set to report its quarter two earnings today after the closing bell. Shares of the California-based company have had quite the journey so far in 2017. As we approach the earnings report, it’s important to note that AMD stock has bounced back to trade near the higher end of its trading spectrum. AMD has built up momentum going into earnings and are currently on an uptrend, gaining more than 5% in the last 5 trading days. Going into the quarter two earnings, investor sentiment is much more upbeat and optimistic.
Wall Street has predicted that AMD will report a revenue of $1.157 billion, which translates to a 13% YoY rise. The Street’s consensus estimate for earnings per share is a non-GAAP loss of 1 cent per share, bettering the 2016 quarter by 4 cents. That said, there are a few estimates which expect AMD to break even this quarter. Keep in mind that the chipmaker has delivered an earnings surprise in 3 out of the last 4 quarters. As of right now, the current earnings whisper for Advanced Micro Devices is a non-GAAP earnings of 1 cent per share, which implies a 2 cent beat.
AT&T Inc.
Wireless communications behemoth AT&T is scheduled to release its quarter two earnings today after the market close. Seeing as the stock is trading close to its 52-week low, expectations are minimal ahead of the quarter two earnings. That said, the approaching multi-billion dollar Time Warner (NYSE:TWX) acquisition has brought the company’s stock into the limelight. Now that the authorities are examining the merger, the Time Warner deal seems to have overshadowed AT&T’s latest results.
Wall Street consensus expects the Texas-based company to report an EPS of 74 cents per share on revenue of $39.83 billion. This estimate implies a fall in revenue by almost 2% YoY and a slight 2.7% YoY increase in earnings. The chances of AT&T meeting expectations are high, as it has met earnings expectations four times in the last 7 quarters. Additionally, the earnings whisper number is 74 cents per share, which suggests that the company is likely to meet analyst estimates.
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