AMD's Q2 Results Show Mixed Performance but Optimistic AI Outlook
Analysts are anticipating AMD's second-quarter results to provide insights into its financial performance, amid a busy earnings season that includes other major companies like Disney.
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Bank of America Exceeds Expectations with Strong Q2 Earnings
Bank of America reported second-quarter earnings and revenue that exceeded analysts' expectations, benefiting from higher interest rates. The bank's earnings rose 19% to $7.4 billion, while revenue climbed 11% to $25.33 billion, driven by a 14% increase in net interest income. Despite concerns about slowing loan and deposit growth, Bank of America's performance outperformed expectations. However, the bank's shares have declined this year, and questions remain about customer abuses and whether they have been resolved.
American Airlines sees profit and positive outlook for Q2 amidst increasing travel demand.
American Airlines reported a $10 million profit in Q1 2022 as revenue rose 37% to $12.19 billion, in line with analysts' expectations. The carrier's net income marks a drastic improvement from the same period last year when it lost $1.64 billion. American forecast adjusted per-share earnings of $1.20 to $1.40 for Q2, at the high-end of analysts' expectations, and expects revenue per available seat mile to come in 2% to 4% lower than last year on capacity up as much as 5.5%.