Advanced Micro Devices will report revenue for the second quarter Tuesday night after the market has closed.
The chip manufacturer (ticker: AMD) produces processors that act as the main computing brain for PCs, servers and graphics cards. It competes with
Here's a snapshot of Wall Street's expectations and some recent history.
The AMD share has risen more than 80% so far this year, since investors have been optimistic about the company's product offering for 2019.  This month, the chip maker launched its new Zen 2 family of desktop processors. The response from technology-focused review sites was generally positive, saying that the chips gave the best performance at different price points, in terms of productivity, versus competition from Intel.
The company is expected to provide an adjusted earnings per share of 8 cents for the second quarter, compared to 14 cents the year before. Analysts expect sales of $ 1.5 billion for the quarter ended June.
Sunday RBC Capital Markets & # 39; confirmed Mitch Steves its Outperform rating for AMD shares, and predicted increased profitability for the chip maker. "We are still positive about AMD and believe that earnings on equity gains remain intact," he wrote. "Although we do not see too much inside, we believe the gross margin guidance can surprise investors positively."
Susquehanna analyst Christopher Rolland Monday repeated his neutral rating for the firm. "Given continued equity gains and a strong PC environment, we expect inline 2Q19 results," he wrote. "However, execution would have to remain almost flawless in 2H to meet the super season's expectations and guidance."
Other Wall Street analysts are mixed on AMD. Thirty-eight percent have rankings of Buy or equivalent on the stock, while 50% have hold ratings, according to FactSet. Their average share price target is $ 34.02.
Management has planned a conference call to discuss the results with analysts and investors at 5:30 am. on Tuesday.
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