AMD, Texas Instruments, and more Companies Making Stock Price Movements

In the list of companies making huge stock moves, Advanced Micro Devices (AMD) is the first company that has experienced a rise in share prices. The report from the stock exchange market shows that AMD has experienced over a 1% surge in premarket trading. AMD has experienced a rise after sharing its earnings report for the third quarter of 2021.

In the earnings report, AMD revealed that the analysts had estimated that the company would generate earnings worth 67 cents per share. However, AMD managed to generate earnings worth 73 cents per share. Similarly, the analysts had predicted that the company would achieve a review worth $4.12 billion. However, the company successfully achieved earnings worth $4.31 billion in the particular quarter. This means that the company’s earnings and revenues have reportedly been higher than the expectations set by the analysts. The estimations were made by the analysts from Refinitiv.

Texas Instruments is the next company on the list that has experienced a drop in its share prices. The data shows that in the premarket trading, the share price for the company has experienced over a 4% drop. The reason for experiencing a demise is because the company did not meet the estimations for revenue for the third quarter of 2021. For the particular quarter, the analysts had estimated that the company would achieve revenue worth $4.66 billion. Unfortunately, the company missed the revenue estimations set by the analysts by $20 million, being able to achieve $4.64 million.

On the other hand, the earnings generated by the company were higher than the expectations. The reports confirm that the earnings for the company were $2.07 per share while the estimations stood at $2.05 per share. This means that the company beat estimations for earning figures by 2 cents per share for the third quarter of 2021.

Visa comes next in the list demonstrating a positive trend in its share prices. The payment services have reportedly observed a 1% surge in its share prices in the premarket trading. Visa executives have revealed that their company has recorded earnings and revenues that were higher than the expectations of the analysts. As per the analysts, the earnings for the company were going to be $1.54 per share, while the company achieved $1.62 per share. These estimations were made by the analysts from Refinitiv.

The reports suggest that the analysts had predicted that the company’s revenue would be $6.53 billion but Visa successfully achieved revenue worth $6.56 billion.

Centene Corp is the next company on the list that has experienced a 4.4% surge in share prices. The healthcare company experienced the rise after sharing its earnings report for the third quarter of 2021. In the report, Centene Corp has revealed that the analyst estimations were $1.24 per share while it achieved $1.26 per share. Similarly, the company’s actual revenue generation was $32.4 billion versus the $31.6 billion estimations set by the analysts.