Advanced Micro Devices (AMD) Sees Q1 Revenue Down 14%

UBS Reiterates Sell on Advanced Micro Devices (AMD); Lacks Near-Term Conviction

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

Northland Capital Markets Remains Bullish Following Advanced Micro Devices' (AMD) 4Q Results and 1Q Guide

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

Will Investors Believe AMD's (AMD) Back End Loaded Guidance? - FBR

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

Advanced Micro Devices (AMD) Reports In-Line Q4 EPS

Advanced Micro Devices (Nasdaq: AMD) reported Q4 EPS of ($0.10), in-line with the analyst estimate of ($0.10). Revenue for the quarter came in at $958 million versus the consensus estimate of $954.74 million.

"AMD closed 2015 with solid execution fueled by the second straight quarter of double-digit... More