Advanced Micro Devices (AMD) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $-0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.13. The company posted revenue of $832.00 million in the period, compared to analysts expectations of $818.41 million. The company’s revenue was down -19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.
Many Wall Street Analysts have commented on Advanced Micro Devices. Advanced Micro Devices was Initiated by Craig Hallum to “Hold” on Apr 7, 2016. Company shares were Reiterated by Mizuho on Mar 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 3 from a previous price target of $2 .
Advanced Micro Devices opened for trading at $2.67 and hit $2.8 on the upside on Monday, eventually ending the session at $2.76, with a gain of 2.22% or 0.06 points. The heightened volatility saw the trading volume jump to 89,38,814 shares. Company has a market cap of $2,189 M.
Advanced Micro Devices Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors as standalone devices or as incorporated as an accelerated processing unit (APU) chipsets discrete graphics processing units (GPUs) and professional graphics and server and embedded processors dense servers semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company operates in two segments: the Computing and Graphics segment which includes desktop and notebook processors and chipsets discrete GPUs and professional graphics and the Enterprise Embedded and Semi-Custom segment which includes server and embedded processors dense servers semi-custom SoC products engineering services and royalties. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.