AMD has released its fourth-quarter earnings and the results have beaten Wall Street’s expectations for sales and profit. Despite the positive results, the company has guided analysts to a 10% decline in year-over-year sales in the current quarter. Despite this, the stock rose over 2% in extended trading. In the quarter ending December, AMD’s EPS … Read more
Walmart on Tuesday said sales grew more than 8%, but profits tightened in the fiscal second quarter, as consumers turned to the discounter for groceries and essentials. Shares rose more than 4% in premarket trading. The retailer’s results surpassed analysts’ expectations but echoed its profit warning last month when Walmart said inflation-pinched shoppers were buying less high-margin … Read more
Investors are likely to switch their focus to earnings season, after the market’s wild ride on rising and falling expectations for Federal Reserve rate hikes. Stocks were volatile in the past week. The three major indexes posted sharp gains Friday, after worries the Fed would raise rates by a full point this month faded. Still, stocks notched weekly … Read more
