Earning Alert -Advanced Micro Devices (AMD): Q1 EPS of $0.12 beats by $0.03. Revenue of $1.59B (-2% Y/Y) in-line- 4/19/12

Advanced Micro Devices (AMD): Q1 EPS of $0.12 beats by $0.03. Revenue of $1.59B (-2% Y/Y) in-line.AMD's Q1: Company expects Q2 revenue of $1.59B-$1.68B, compares favorably with $1.59B consensus. PC CPU revenue -8% Q/Q (seasonality) and flat Y/Y, with ASPs declining from Q4 (evidence of price competition?). Graphics processor revenue flat Q/Q and -7% Y/Y, with ASPs rising Y/Y due to new products. Gross margin was flat Q/Q at 46% in spite of revenue drop. AMD +1.9% AH

Resistance level is $8.35 and support at $7.50.

More Stocks News

For the latest updates on the stock market, visit, 
http://daytradingstock-blog.blogspot.com/