Shares within the chipmaker have been greater in pre-market buying and selling after it reported first fiscal-quarter earnings that topped expectations, and supplied a powerful information for current-quarter income.
For the quarter, AMD (AMD) noticed adjusted earnings per share (EPS) of $0.96 on income of $7.4bn, forward of analysts’ expectations of $0.94 on income of $7.1bn, based mostly on Bloomberg consensus estimates. The corporate reported EPS of $0.62 and income of $5.4bn in the identical quarter final yr.
AMD additionally stated it anticipates Q2 income of between $7.1bn (£5.3bn) and $7.7bn. Analysts have been anticipating $7.2bn.
AMD CEO Lisa Su stated that the corporate achieved its first-quarter outcomes regardless of strict rules on superior AI chip exports. The corporate’s forecast included $800m in prices that the corporate stated it could incur as a result of the US restricted the export of a number of the firm’s synthetic intelligence chips in the course of the quarter.
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“Regardless of the dynamic macro and regulatory atmosphere, our first quarter outcomes and second quarter outlook spotlight the power of our differentiated product portfolio and constant execution positioning us nicely for robust progress in 2025,” Su stated in an announcement.
The corporate’s knowledge centre section, together with AI graphics and central processor gross sales, topped estimates and rose 57%.
Ben Barringer, world expertise analyst at Quilter Cheviot, stated: “Whereas AMD continues to lag behind Nvidia (NVDA) within the GPU area, it stays a reputable second supply for purchasers and is steadily increasing its shopper base. The corporate can be leaning into new product launches this yr and subsequent, constructed on cutting-edge manufacturing expertise.
“Though export restrictions to China stay a cloth headwind which can drag on progress, AMD’s outlook stays constructive, with steering for double-digit income progress and Q2 steering coming in round 3% above analyst expectations. The China drag takes a number of the shine off, however total, it is a assured replace from an organization that’s holding its personal in an more and more aggressive market.”
Shares within the Danish pharmaceutical group behind the weight problems drug Wegovy have been up by 5% in early European buying and selling, even after the corporate reduce its 2025 gross sales forecast, ending a four-year run of upgrades pushed by hovering demand.
Novo Nordisk (NVO, NOVO-B.CO) stated first-quarter gross sales of its first-to-market weight-loss drug Wegovy have been 17.36bn Danish crowns (£1.97bn/$2.64bn), declining 13% from the earlier quarter. Revenues rose 18% and working earnings rose 20% at fixed trade charges within the first quarter of this yr.
“Within the first quarter of 2025, we delivered 18% gross sales progress and continued to increase the attain of our modern GLP-1 therapies,” stated Lars Fruergaard Jørgensen, president and chief govt. “Nevertheless, we have now lowered our full-year outlook as a consequence of lower-than-planned branded GLP-1 penetration, which is impacted by the speedy enlargement of compounding within the US.”
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The corporate now expects full-year gross sales progress in native currencies of between 13% and 21%, down from a earlier forecast of 16% to 24%. It additionally revised its working revenue progress outlook to a variety of 16% to 24%, in contrast with 19% to 27% beforehand.
Sheena Berry, healthcare analyst at Quilter Cheviot, stated: “The main target for Novo Nordisk stays on Ozempic and Wegovy for kind two diabetes and weight problems. Wegovy missed expectations, with the group indicating that half of the softness was as a consequence of destocking.
“Consequently, full-year steering has been lowered, which isn’t stunning given current prescription tendencies for Wegovy and compounded variations nonetheless being available on the market.”
Shares within the EV maker have been slightly below the flatline forward of the US opening bell because it stated it would ship fewer electrical automobiles this yr than initially forecast as US president Donald Trump’s tariff blitz continues to hit the automobile trade.
The California-headquartered firm stated it anticipated to ship between 40,000 and 46,000 EVs in 2025, down from a variety of 46,000 to 51,000 that already focused fewer deliveries than final yr.
Rivian (RIVN) reported revenue of $1.240bn towards $981.21bn estimated by Bloomberg, barely greater than the $1.204bn reported a yr in the past. The corporate posted an adjusted loss per share of $0.41 vs. $0.79 estimated, with an adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortisation) lack of $329m in comparison with $546.4m anticipated.
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The corporate did preserve its 2025 full-year adjusted EBITDA loss projection within the vary of $1.7bn to $1.9bn.
“This quarter we hit our second consecutive gross revenue and our highest gross revenue thus far at $206 million,” CEO RJ Scaringe stated in an announcement. “We’ve continued to make important progress on R2, together with automobile validation builds underway and our Regular, Illinois manufacturing facility enlargement on monitor.”
Shares in Tremendous Micro (SMCI) have been down by over 5% in pre-market buying and selling after it reduce its gross sales outlook for fiscal 2025, citing short-term impacts of heightened financial uncertainty and tariffs.
Tremendous Micro’s reported income progress of 19% year-on-year for the quarter ended 31 March, however web revenue declined to 17 cents per share, in contrast with 66 cents in the identical interval final yr.
The server maker now expects gross sales of between $21.8bn and $22.6bn for the fiscal yr ending 30 June, down from a earlier forecast of $23.5bn to $25bn.
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The macroeconomic atmosphere is more likely to weigh on efficiency, the corporate stated, following Trump’s announcement in early April of sweeping new tariffs on imported goods.
Chief govt Charles Liang instructed analysts the corporate had noticed “a buyer ready and evaluating AI platforms between the present Hopper and the upcoming Blackwell GPUs, resulting in a delayed dedication.” He added that he expects these delayed commitments to materialise within the June and September quarters.
Liang additionally stated the corporate wouldn’t be issuing steering for fiscal 2026, citing ongoing uncertainty round tariffs.
Trainline (TRN.L) earnings surged final yr after it made a document quantity of gross sales, as the corporate benefited from the rising recognition of digital tickets and fewer rail strikes.
The London-listed agency reported an £86m working revenue for the yr to twenty-eight February, up 56% in contrast with the earlier yr.
It made £5.9bn from promoting tickets, up 12% from the yr earlier than, primarily pushed by quick gross sales progress within the UK and enlargement in European nations.
Trainline makes most of its cash by taking a fee on ticket gross sales for coach and rail journeys, and benefited from fewer practice strikes final yr than in 2023.
It additionally cited the rising recognition of digital tickets saved on cell phones versus paper tickets for its bettering gross sales.
However the firm faces a possible disaster in its fundamental UK market within the coming years, amid competitors from a government-owned practice operator known as Nice British Railways.
Different corporations within the information on Wednesday 7 Could:
Card Manufacturing facility (CARD.L)
Smiths Information (SNWS.L)
Japan Tobacco (2914.T)
Zurich Insurance coverage (ZURN.SW)
Unicredit (UCG.MI)
Siemens Healthineers (SHL.DE)
BMW (BMW.DE)
Wolters Kluwer (WKL.AS)
Ahold Delhaize (AD.AS)
Legrand (LR.PA)
Fresenius (FRE.DE)
Endesa (ELE.MC)
Randstad (RAND.AS)
Pandora (PNDORA.CO)
Skanska (SKA-B.ST)
Telecom Italia (TIT.MI)
Uber (UBER)
ARM (ARM)
Applovin (APP)
DoorDash (DASH)
Barrick Gold (GOLD)
Carvana (CVNA)
Rockwell (ROK)
Components One (FWONK)
Zillow (Z)
Coherent (COHR)
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