The Country Caller unveils the whisper numbers for AT&T and Advanced Micro Devices ahead of their scheduled earnings release today
AT&T Inc. (NYSE:T) and Advanced Micro Devices, Inc. (NASDAQ:AMD) are about to reveal their second quarter financials in after-market hours today. Both the companies are expected to beat the Street on their top and bottom lines according to the estimates.
The communications service provider is expected to report $0.72 in earnings per share according to the consensus, while earningswhispers.com suggests a bottom-line beat by one cent. The company reported $0.69 in earnings per share for the same quarter a year ago, which suggests that the consensus is looking for 4.34% year-over-year growth in earnings. For the previous quarter, AT&T reported an EPS of 72 cents.
The consensus revenue estimate for AT&T’s second quarter stands at $40.66 billion. Meanwhile, the $40.72 billion estimate on Estimize suggests a top line beat might be on the cards. For 2QFY15, the company reported $33 billion in revenue, which indicates that a 23.21% YoY growth is factored in the consensus sales estimate for this quarter. The $262 billion company reported $40.5 billion in revenue for 1QFY16.
Advanced Micro Devices
For the quarter ended June 30, 2016, AMD is expected to report a loss of nine cents per share according to the consensus. Earningswhispers.com expects somewhat better earnings, with a loss of seven cents per share. For the same quarter last year, the company reported a loss of 17 cents per share, which suggests the consensus for this quarter has 47.05% YoY bottom-line growth factored in its estimate. For the previous quarter, AMD posted a loss of 12 cents a share.
Estimize forecasts $958.7 million in second quarter revenues for the chip maker. Meanwhile, the consensus estimate of $955.10 million reflects 1.4% YoY and 13.06% QoQ expected revenue growth. This happens to be in line with the company’s guidance range of 15% (±13) QoQ growth in revenue. For 2QFY15, AMD reported $942 million revenue, while for the previous quarter, it posted sales worth $832 million.