The S&P 500 is facing a challenging outlook for corporate earnings after its worst October since 2018. Advanced Micro Devices (AMD) is expected to report quarterly revenue of $5.7 billion with adjusted earnings per share of 68 cents. Anheuser-Busch InBev (AB InBev) maintained its annual profit forecast as third-quarter earnings met analysts' expectations, despite struggling US sales. Carlsberg also stuck to its forecast and reported an increase in sales as higher prices offset weak demand. Paycom Software's Q3 earnings showed an EPS of $1.77 and sales of $406.30 million, beating estimates. However, the company's weak fourth-quarter revenue forecast caused its shares to plummet. AMD's Q3 earnings beat expectations, with revenue of $5.8 billion and adjusted EPS of 70 cents. However, the company's fourth-quarter revenue guidance fell short of expectations, leading to a decline in its shares.
AMD surges after issuing positive outlook for AI chips next year. Here's what the pros say https://t.co/DtzpZt29WG
Focusing on the potential of AI: AMD's forward-thinking approach inspires investors despite conservative projections. https://t.co/Xq2sSbNw14
AMD soars as AI chip sales prediction bodes well for rivalry with Nvidia https://t.co/wA7FMZvDq5 https://t.co/c8USAcF2xD
$PAYC (-39.1% pre) Paycom’s stock plunges 32% as payroll company whiffs on earnings outlook - MW https://t.co/Dq0Za1lJ3k
$DD (-3.3% pre) DuPont cuts revenue forecast on sluggish demand - Reuters https://t.co/yfwrdKJAgM
Fourth-quarter earnings estimates are dropping fast https://t.co/2s7pyvmHuf
$AMD (-1.0% pre) AMD beats earnings estimates, misses Q4 guidance https://t.co/CKg2LRh1uS
AMD narrowly beat expectations for quarterly earnings and revenue, but disappointed on guidance. https://t.co/9cGhaX6KhO
Materials and chemicals firm DuPont announced strong third-quarter earnings, but sliced down sales guidance. https://t.co/GUVqXnQr1r
80Level: AMD has published its Q3 financial results, showing growth in revenue, gross margin, and earnings per share. Details: https://t.co/0tVTX0zKDN #AMD #gameindustry #business https://t.co/3pXimoJlVP
AMD slides as muted outlook clouds Q3 earnings beat with AI chip launch in focus https://t.co/6TvsEBvobC
Advanced Micro Devices issues a fourth-quarter revenue forecast shy of expectations, Paycom Software shares tumble on weak guidance, and First Solar raises the low end of its 2023 earnings outlook. https://t.co/2LXVSfX5Sy
AMD's third quarter financial results show growth, but it'll be AI that determines its future trajectory https://t.co/AKUv79d5mm
Paycom forecasts weak fourth-quarter revenue; shares tank https://t.co/yxmHzNvyPt https://t.co/abxtbaUJ9Y
AMD shares fall on chipmaker's soft fourth-quarter guidance $AMD https://t.co/dPwW3NFGyE
2024 #SP500 earnings estimates are coming down, and earnings growth is contracting. https://t.co/T3f3avmMQE
The #sp500 earning estimate for 4Q keeps falling to new lows. https://t.co/w57ut63ObR
The world's largest brewer, Anheuser-Busch, is still feeling the fallout of its Bud Light controversy from earlier this year. https://t.co/br3Hub7gkC
AMD beats earnings estimates, misses Q4 guidance https://t.co/8fXLXcyKTV by @agarfinks
Shares of AMD fell after the company gave a lackluster revenue forecast for the current period, warning that demand for gaming machines is slowing https://t.co/4jhGlOdymR
AMD Tumbles On Disappointing Revenue Guidance, Drags Chip Names Lower https://t.co/H7UZhBxai5
AMD shares fall on chipmaker's soft fourth-quarter guidance https://t.co/kDRNyMelxc
AMD shares fall on chipmaker's soft fourth-quarter guidance https://t.co/AapiTfGvp3
$AMD AMD Q3 FY23: • Revenue +4% Y/Y to $5.8B ($0.1B beat). • Gross margin 47% (+5pp Y/Y). • Operating margin 4% (+5pp Y/Y). • Non-GAAP EPS $0.70 ($0.02 beat). Q4 FY23 guidance: • Revenue ~$6.1B ($0.3B miss). • Strong Data Center growth but gaming weakness. https://t.co/xwsFKDIuk0
AMD’s Q3 revenues hit $5.8B, up 4% as PC CPUs grow again https://t.co/AoZTmENnWQ via @GamesBeat
$PAYC Paycom -27.3% https://t.co/mXyWGyiX85
AMD Q3: revenue up 4% YoY to $5.8B, vs. $5.7B est., net income up 353% YoY to $299M, Data Center revenue flat at $1.6B, and Q4 revenue forecast below estimates (@mehta_chavi / Reuters) https://t.co/puiY5it2sZ 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/XWknpdQi41
$AMD AMD beats, but guidance weak. -4.25% AH https://t.co/IirnJ0GH6M
$AMD sees 4Q23 rev $5.8bn to $6.4bn, est $6.4bn Sees 4Q adj gross mgn 51.5% vs est 52.1% Lower sales in gaming 3Q rev 5.8bn vs 5.7bn and EPS 70c vs est 68c Happy 🎃 Halloween https://t.co/i2y48ztHja
AMD Q3 23 EARNINGS $AMD REV. $5.8B, EST. $5.7B ADJ. OPER INCOME $1.28B, EST. $1.27B CAPEX $124M, EST. $114.1M R&D EXPENSES $1.51b, EST. $1.45B ADJ. OPER MARGIN 22%, EST. 21.6% SEES 4Q REV. $5.8B TO $6.4B, EST. $6.4B SEES 4Q ADJ GROSS MARGIN ABOUT 51.5%, EST. 52.1%
AMD Q3 23 EARNINGS $AMD REV. $5.8B, EST. $5.7B ADJ. OPER INCOME $1.28B, EST. $1.27B
*AMD 3Q REV. $5.8B, EST. $5.7B *AMD 3Q ADJ. EPS 0.70, EXP 0.68 *AMD SEES 4Q ADJ GROSS MARGIN ABOUT 51.5%, EST. 52.1% *AMD SEES 4Q REV. $5.8B TO $6.4B, EST. $6.4B
$AMD JUST REPORTED EARNINGS EPS of $0.70 beating expectations of $0.68 Revenue of $5.8B beating expectations of $5.69B
$PAYC Paycom beats on eps, misses on rev. FY guidance lowered. -24.3% AH https://t.co/v8sy32mHqd
$PAYC Paycom -26.5% AH https://t.co/GO8q3zHCTE
$PAYC | Paycom Software Q3 Earnings: - EPS $1.77 (Est. $1.61) - Sales $406.30M (Est. $411.18M)
AMD EARNINGS COME OUT TODAY AFTER CLOSE AT 4:15PM ET $AMD EXPECTED NUMBERS REVENUE -> $5.7 BILLION ( UP 2.5% YoY ) EPS -> $0.68 ( UP 2% YoY ) GROSS MARGIN -> 51% https://t.co/tkva57Sm9Q
$AMD reports earnings today after the markets close, Wall ST is expecting numbers of EPS of $0.68 up 1.5% YoY Revenue of $5.69B up 2.2% YoY
Bud Light boycotts continue to hurt sales https://t.co/rpnKUom0vx
Beer giant AB InBev’s US sales plunge more than 13% on Bud Light fiasco https://t.co/xXe2Dt8t1f https://t.co/n91g7C0pDu
Reminder: $AMD reports earnings today
The company's earnings beat expectations but its guidance disappointed as it forecast a drop in demand. https://t.co/GWV8YB7Jwt
$BUD (+4.2% pre) AB InBev Stock Rises. Sales Grow Despite Bud Light Hit in U.S. https://t.co/1t2pKMGTBu
Beer giant AB InBev beats forecasts, but Bud Light boycott continues to hit U.S. revenues https://t.co/9dzqO5Slro
A deteriorating outlook for corporate earnings offers little support for the S&P 500 reeling from its worst October since 2018 https://t.co/YZQhYl5ICA
The beer company kept its earnings guidance after sales rose year over year in the third quarter but U.S. revenue dropped. https://t.co/nlyoZMbiin
Carlsberg sticks to its forecast and reports an increase in sales as higher prices offset limp demand https://t.co/C2e9Q8eOJ8
Anheuser-Busch InBev keeps its annual profit forecast as third-quarter earnings met analysts’ expectations, even as US sales struggled https://t.co/84zukb7BSL
The consensus is that Advanced Micro Devices will report quarterly revenue of $5.7 billion with adjusted earnings per share of 68 cents. https://t.co/I6Go3clMb1
A deteriorating outlook for corporate earnings offers little support for the S&P 500 reeling from its worst October since 2018 https://t.co/jFkE3lpygh