Analysts Cautious on PC-Weighted Names after AMD (AMD) Reports Weak Revs.
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Nomura Cuts Price Target on AMD (AMD) to $4
October 12, 2012 8:40 AM EDTNomura Securities maintained a Neutral rating on AMD (NYSE: AMD) and cut its price target to $4.00 (from $5.00) following yesterday's preliminary results.
Analysts also cut EPS estimates from $0.01 to $(0.22) in Q3 and from $0.40 to $0.08 in 2013.
For an analyst ratings summary... More
AMD (AMD) Continues Trimming the Fat... and the Sales
October 11, 2012 4:43 PM EDTWelcome to the AMD Show!
Advanced Micro Devices (NYSE: AMD) issued a surprising guidance cut today, now seeing third-quarter 2012 sales down about 10 percent from the second quarter. Prior guidance called for a dip of 1 percent (+/- 3 percent).... More
AMD (AMD) Sees Wider than Expected Drop in Q3 Revs
October 11, 2012 4:17 PM EDTAdvanced Micro Devices, Inc. (NYSE: AMD) announced that revenue for the third quarter ended September 29, 2012 is expected to decrease approximately 10 percent sequentially. The company previously forecasted third quarter 2012 revenue to decrease 1 percent, plus or minus 3 percent, sequentially. The lower than anticipated preliminary revenue... More
