AMD -5.7% AH after warning it expects Q2 revenue to fall 11% Q/Q, well below a guidance range of...


AMD -5.7% AH after warning it expects Q2 revenue to fall 11% Q/Q, well below a guidance range of +/- 3%. AMD blames weaker-than-expected distributor sales in China and Europe, and the impact of poor consumer spending on sales to OEMs. Archrival Intel (INTC) has already seen a raft of estimate cuts, and downbeat commentary about PC demand has been easy to find.
From other sites
Comments (2)
  • Richard Davenport
    , contributor
    Comments (17) | Send Message
     
    Some supply chain implications of AMD's warning: http://seekingalpha.co...
    9 Jul 2012, 07:37 PM Reply Like
  • Jacob Steinberg
    , contributor
    Comments (808) | Send Message
     
    In the last few months, AMD lost more than 30% in market value. Basically, the worst possible outcomes for the company were already baked in the price. It's funny that AMD had to fall another 6% after bad news that was already priced in multiple times.
    10 Jul 2012, 02:39 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs