Tech guidance roundup: AMD, CA, Cree, Texas Instruments

AMD expects Q1 revenue to be down 16% (+/- 3%) Q/Q in Q1. That implies revenue of $1.29B-$1.38B vs. a $1.36B consensus. Shares -11.3% AH. (Q4 results, PR)

CA expects FY14 (ends March '14) revenue to be down 2% to up 1% Y/Y, better than a consensus for a 3% drop. EPS is expected to be in a range of $3.05-$3.12, above a $3.02 consensus. The company also announces sales/services chief George Fischer is leaving, and will be replaced by mainframe & customer success chief Adam Elster. Shares +5.1% AH. (FQ4 results, PR)

CREE expects FQ3 revenue of $390M-$420M and EPS of $0.34-$0.41 vs. a consensus of $413.6M and $0.40. Gross margin is expected to be near 38.5%, after coming in at 38.2% (-40 bps Q/Q and -100 bps Y/Y) in FQ2. Shares +3.4% AH. (FQ3 results, PR)

Texas Instruments (TXN) expects Q1 revenue of $2.83B-$3.07B and EPS (after factoring $30M in restructuring charges) of $0.36-$0.44 vs. a consensus of $2.95B and $0.44. Excluding the charges implies an EPS range of $0.39-$0.47. Shares -1.5% AH. (Q4 results, PR)

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