Virtual World portfolio

The company presented a strong sales forecast for the current quarter. First-quarter sales rose 71% to $5.9 billion, beating forecasts of $5.3 billion. AMD has seriously raised its revenue forecast for the second quarter. AMD is forecasting second-quarter sales of about $6.5 billion, compared to the average analyst estimate of $6.03 billion. The chipmaker is forecasting $26.3 billion in annual revenue for 2022, up 60% from the previous year. AMD reported first-quarter earnings of $1.13 per share, well above its estimate of 92 cents. and more than doubling 52 cents a share in the first quarter of last year.

Apple managed to deliver yet another impressive earnings report. In the March quarter, the company beat expectations in almost every area, especially for iPhone, Mac and iPad. As expected, Apple also increased its dividend and announced an expansion of its share repurchase program. In its fiscal second quarter ending March 26, Apple's revenue was $97.3 billion, up 9% from a year ago and well above Wall Street's consensus estimate of $94 billion. Earnings were $1.52 a share, ten cents above Wall Street's consensus estimate of $1.42 a share. The strong quarter was marked by the company's flagship iPhone business, with sales of $50.6 billion, up 5.5% from analysts' consensus estimate of $48.4 billion.

Meta Platforms Inc has impressive financials and is able to generate huge profits. Her earnings outlook is more optimistic given her spending cut plans. The social network reported first-quarter earnings that beat Wall Street's expectations. For the March quarter, Meta reported $27.9 billion in revenue, up 7% from a year ago. In the June quarter, Meta sees revenue in the range of $28 billion to $30 billion. Earnings for the quarter were $2.72 per share, slightly above the consensus estimate of $2.56 per share. Net income $7.47 billion Meta said ad revenue for the quarter was $27 billion, up 6.1%. The company said ad impressions increased by 15% in the quarter.