Post-Earnings Coverage - Advanced Micro Devices

LONDON, October 27, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings review on Advanced Micro Devices Inc. (NYSE: AMD). On October 16, 2014, the company reported its financial results for Q3 FY14 (period ended September 27, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Advanced Micro Devices. During Q3 FY14, Advanced Micro Devices Inc.'s gross margin stood at 35%, which was flat sequentially. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q3 FY14, Advanced Micro Devices Inc. announced net revenue of $1.43 million, compared to $1.46 million in the same period last year. The company's net revenues during the reported quarter came marginally below the Bloomberg analysts' forecast of $1.47 million. The company reorganized into two business groups - Computing and Graphics and Enterprise, Embedded and Semi-Custom - effective July 01, 2014. The free research on AMD can be downloaded as in PDF format at:

www.Investor-Edge.com/AMDFreeReport

Advanced Micro Devices Inc.'s Computing and Graphics segment revenue decreased 16% Y-o-Y during Q3 FY14, primarily due to decreased notebook processor and chipset sales. On the other hand, its Enterprise, Embedded and Semi-Custom segment revenue increased 21% Y-o-Y, primarily due to increased sales of semi-custom SoCs. Dr. Lisa Su, President and CEO of Advanced Micro Devices Inc., stated that the company's Q3 FY14 financial performance reflects progress in diversifying its business. She said that the company's Enterprise, Embedded and Semi-Custom segment results were strong; however, performance in its Computing and Graphics segment was mixed based on challenging market conditions that require taking further steps to evolve and strengthen the financial performance of this business.

The company's GAAP operating income decreased to $63 million in Q3 FY14 from $95 million in the corresponding quarter a year-ago. Further, GAAP net income narrowed to $17 million, or $0.02 per diluted share in Q3 FY14, from $48 million, or $0.06 per diluted share in the same quarter last year. Analysts from Bloomberg had expected the company to report GAAP net income of $22 million, or $0.03 per diluted share in Q3 FY14. On non-GAAP basis, the company's operating income decreased to $66 million in Q3 FY14, from $78 million in the year-ago quarter. Additionally, non-GAAP net income narrowed to $20 million, or $0.03 per diluted share, during Q3 FY14, from $31 million, or $0.04 per diluted share, in the prior year. Sign up and read the free analyst's notes on AMD at:

www.Investor-Edge.com/AMD-27102014

The company has given its outlook for Q4 2014 and expects revenue to decrease 13%, plus or minus 3%, sequentially.

Stock Performance 

On the following day of the earnings release, October 17, 2014, Advanced Micro Devices Inc.'s stock ended the session at $2.72, up 3.03% and the stock has witnessed a mixed momentum since then. On the last close, Friday, October 24, 2014; it finished at $2.68, 0.37% below its previous day's closing price, after vacillating between $2.67 and $2.73. A total of 11.95 million shares were traded, which was much below its three months average volume of 25.93 million shares. Over the previous three trading sessions and last one month, the company's shares have fallen by 3.25% and 26.17%, respectively. Also, the stock has declined 30.75% from the beginning of 2014. Shares in Advanced Micro Devices Inc. are trading below their 50-day and 200-day moving averages of $3.61 and $3.88, respectively. Furthermore, the stock traded at a PE ratio of 26.85 and has a Relative Strength Index (RSI) of 26.81. Visit Investor-Edge and access the latest research on AMD at:

www.Investor-Edge.com/AMDEarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month, Advanced Micro Devices Inc. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on AMD is available at:

www.Investor-Edge.com/AMDInsiderTrading

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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EDITOR'S NOTES:

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