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Stocks moving in after hours: Levi Strauss, AMD

Yahoo Finance Live anchor Seana Smith looks at several stocks trending in the after-hours trading session.

Video Transcript

DAVE BRIGGS: Seana, over to you. What's moving after hours, my friend?

SEANA SMITH: All right, Dave, we have two stocks here in focus. Let's kick it off with Levi's, the stock off just about 5%. The company lowering its full year forecast, citing the strong dollar, supply chain disruptions, two things that are clouding the company's outlook right now. They cut their full year adjusted EPS and net revenue growth guidance for the year.

Third quarter numbers, though, are actually not that bad. EPS coming in better than expected, $0.40. The Street was looking for an estimate of $0.37. Revenue just a bit light, $1.5 billion. The estimate there was for $1.6 billion. In terms of the three-month movement in the stock, not too bad, up about 1%. Relatively speaking, that's actually pretty strong. Year to date, though, the stock in the red, off just around 36%.

Let's take a look at AMD here. AMD under pressure after hours. So are some of its competitors. The company coming out, cutting its third quarter revenue guidance. They cited the weak PC market and also, quote, "significant inventory corrections" throughout the PC supply chain. So we're seeing AMD off just about 3 and 1/2%. Right now, they now see third quarter revenue at $5.6 billion. The initial estimate was for $6.7 billion.

It certainly has been a tough couple of months for AMD. You can see the stock off 33% in just the past two months alone. Year to date, off just over 52%. Right after we got this news from AMD after hours, some of its biggest competitors-- Nvidia, Intel-- are also under pressure after hours following the news. So AMD cutting its third quarter revenue guidance with shares off just over 3%. Dave.