AlphaNow highlighted yesterday that all nine S&P 500 technology companies that reported Q3 earnings last week (October 11 through October 17) delivered earnings beats. Technology sectors snapshots Advanced Micro Devices, Inc. (NYSE:AMD) declared EPS of $0.04 and revenue of $1.46B that beat estimates by $0.02 and $0.05B respectively. The company’s graphics business took up the slack from its PC processor division which is seeing a slowdown. Semiconductors manufacturer Intel Corporation (NASDAQ:INTC) reported EPS of $0.58 and revenue of $13.48B that beat consensus forecasts by $0.05 and $0.01B respectively. The company recorded an increase in sales of data center chips like…
Technology Sector Comes Up Aces In Earnings Beats: AlphaNow
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.