AMD Reports 2015 Second Quarter Results

Oppenheimer Remains Bearish on Advanced Micro Devices (AMD) Following 2Q Results and Guidance

Oppenheimer reiterated an Underperform rating on AMD (NASDAQ: AMD) following the release of its 2Q15 earnings results. AMD reported relatively in-line 2Q sales and EPS of $942M and ($0.19) respectively. Management guided 3Q sales up 6% to ~$1B.

Analyst Rick Schafer commented, "We are cutting our... More

Wedbush Cut Price Target on Advanced Micro Devices (AMD) Following 2Q Results

Wedbush maintained a Neutral rating on AMD (NASDAQ: AMD), and cut the price target to $2.00 (from $2.25), following 2Q15 results. Reported EPS was in-line with consensus at $0.17. Revenues of $942MM was slightly below the consensus estimate of $950.51MM. Management guided Q3 revenue up 6%... More

AMD (AMD) 'Sell' Reiterated at UBS on Cash Burn Concerns

UBS analyst Stephen Chin reiterated a Sell rating and $2 price target on AMD (NASDAQ: AMD), saying cash burn a concern again as return to profitability pushes out into 2016.

Chin commented, "We maintain a Sell rating on AMD as we remain concerned over... More

Susquehanna Remains Neutral on Advanced Micro Devices (AMD) Following 2Q15 Results

Susquehanna maintained a Neutral rating and $2.00 price target on Advanced Micro Devices (NASDAQ: AMD) following 2Q15 results. AMD reported revenue of $942 mln, slightly lower than consensus of $950 mln. EPS was reported at -$0.17, in-line with consensus.

Analyst Chris Caso commented, "AMDs report strikes a... More

Advanced Micro Devices (AMD) Reports In-Line Q2 EPS; Guides Q3 Revenue

Advanced Micro Devices (NASDAQ: AMD) reported Q2 EPS of ($0.17), in-line with the analyst estimate of ($0.17). Revenue for the quarter came in at $942 million versus the consensus estimate of $950.51 million.

For Q3 2015, AMD expects revenue to increase 6 percent, plus or minus 3 percent, sequentially.... More