Advanced Micro Devices (AMD) Reports In-Line Q4 EPS
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January 20, 2016 8:57 AM EST
UBS reiterated a Sell rating on Advanced Micro Devices (NASDAQ: AMD), and raised the price target to $1.50 (from $1.25), following the company's 4Q earnings report and 2016 outlook. UBS lacks conviction in AMD's near-term ability that it can return to profitability, and positive cash flow, given PC industry trends and an unfavourable macro environment.... More
January 20, 2016 7:24 AM EST
Northland Capital Markets reiterated an Outperform rating and $5.00 price target on Advanced Micro Devices (NASDAQ: AMD) following the company's 4Q earnings report. AMD reported ($0.10) on $958M, in line with consensus of a loss of ($0.10) on $954M. AMD provided weak guidance for Q1, but... More
January 20, 2016 7:09 AM EST
AMD (NASDAQ: AMD) announced in-line 4Q15 results but worse-than-expected 1Q16 guidance driven mostly by worse-than-expected console APU shipments, FBR Capital analyst Christopher Rolland notes. EPS for 2016 were also affected by worse-than-expected opex guidance, offsetting some of the cuts disclosed last quarter.
Strangely, management guided console revenue to grow year over year, implying a massive seasonal ramp in 2H16. The... More
January 19, 2016 4:35 PM EST
Advanced Micro Devices (NASDAQ: AMD) sees Q1 revenue down 14% (+/-3%). It sees Q1 gross margin of 32%.
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January 19, 2016 4:29 PM EST
(Reuters) - Advanced Micro Devices forecast first-quarter revenue below analysts' estimates, due to lower demand for its graphic chips used in consoles and an economic slowdown in China.
Shares of the company, which is in the process of selling some of its assets to cut costs, fell 7.7 percent to $1.80 in extended trading.
AMD has been shifting... More
