Seeking Alpha

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.
Comments (2)
  • Richard Davenport
    , contributor
    Comments (21) | 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 (814) | 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 Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|