iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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$AMD Up Huge in After-Hours on Massive Beat and Guide Higher

Is AMD back? Does it matter at this point, seeing that INTC had humiliated them over the past decade?

Nevertheless, these numbers out tonight are very impressive and should propel the stock, in a significant way, tomorrow and beyond.

  • Reports Q1 (Mar) loss of $0.12 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of ($0.13); revenues fell 19.2% year/year to $832 mln vs the $818.41 mln Capital IQ Consensus.
  • Gross margin of 32 percent, up 2 percentage points sequentially, due primarily to a richer product mix and the mix of revenue between business segments.

Margins up, big top and bottom line beats. On top of that, the company just guided up in a big way.

Advanced Micro sees Q2 rev +12-18% QoQ to ~$932-982 mln vs $889.66 mln Capital IQ Consensus Estimate 

AMD is higher by 20% in the after-hours at a fresh 52 week high.

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11 comments

  1. roundwego

    its like mc donalds loses to burger king in recessions cus the lowend cuts their prices more. 5 for $4..

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  2. frog

    Since most people may not click back that far, here is the answer to a question Fly asked on an earlier thread. Yes, there was a vote, although not an official one, which Tubman won, to be the person to be on the $20 bill.

    Harriet Tubman Wins Unofficial Vote to Be on $20 Bill

    http://www.nbcnews.com/nightly-news/will-harriet-tubman-be-first-woman-20-bill-n357936

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    • Dr. Fly

      serious? That is not a scientific poll.

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      • frog

        No, it wasn’t scientific. According to the news articles on the subject, this organization here below just decided to have a vote on it. And some people found out about it and voted on it. But most people never heard that it was happening. It wasn’t like a political poll where they tried to get a representative sample the population. It was just whoever heard about it, apparently.

        http://www.womenon20s.org/campaign

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      • frog

        I vaguely remember someone mentioning this to me some time ago, when the vote must have happened. But I didn’t vote on it because I think that decisions about whose face is on our currency is quite likely the least important issue facing the United Steaks at this time.

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    • ironbird

      frog. You are a communist. Think smaller at first.

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      • frog

        No, I am not a Communist. I am not even a socialist. I think a combination of capitalism and socialism can work very well.

        Donald Trump agrees with me on that. He says we should not touch Social Security (called a socialist program, by many Right Wing politicians), whereas many of his fellow Republicans– if Trump even really is a Republican– are ready to slash it.

        Trump thinks that the extreme free market free trade laissez faire capitalism that screws over American workers with harmful trade agreements is wrong. He is against open borders that take away jobs from Americans. Bernie agrees with Trump, and with me, on these issues.

        I know your Right Wing radio or TV or Internet sites say that everyone who isn’t a Republican is a Communist. But they are lying to you. Trump used to be a Democrat. And he wasn’t a Communist then either.

        How can you believe lying Right Wing news sources? You think they are unfair to Trump but you think they are being fair to everyone else they talk about? No. They are lying and biased all the time.

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      • ironbird

        Talk up Trump then or shut up. You seem so close to getting it. frog. You can.

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  3. The Alchemist

    I’m stuck on the $V call. Does anyone know if $AMD talked about PlayStation Neo/VR or a new high end chip I’ve been hearing about?

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  4. prospectus

    They lost less money than expected = 20% rally. I love the insanity of the markets

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