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Advanced Micro Devices, Inc. Message Board

  • kds5862 kds5862 Jan 22, 2013 4:41 PM Flag

    OH MY, SHORTS ARE IN BIG TROUBLE TOMORROW !!!

    By Tiernan Ray

    Shares of Advanced Micro Devices (AMD) are up 6 cents, or 2.5%, at $2.51 in late trading after the company this afternoon reported Q4 revenue that slightly exceeded analysts’ estimates and reported a smaller-than-expected net loss, and forecast this quarter’s revenue slightly below consensus.

    Revenue in the three months ended in December fell to $1.16 billion, yielding a net loss per share of 14 cents.

    Analysts had been modeling $1.15 billion and a 21-cent net loss.

    For the current quarter, AMD projected revenue to be in a range of down 6% to down 12%, quarter to quarter, which is below the consensus for revenue to decline 4% to $1.11 billion.

    Sentiment: Strong Buy

 
AMD
2.40+0.06(+2.56%)Jun 30 4:00 PMEDT