Boston, MA 07\/17\/2013 (wallstreetpr) \u2013Advanced Micro Devices, Inc. (NYSE:AMD), the world\u2019s largest PC microchip supplier, will release its second quarter results on July 18, 2013. In the previous quarter, it achieved a positive result of 24%. In the coming results, analysts expect revenue for the quarter to stand at $1.11 billion, recording a decline of 21.6% compared to the year 2012. As for the EPS of the first quarter, 2013, there was a fall of $0.13 per share. The sequential decline in the revenue of 31.4% year-over-year is likely to beat the companies estimated earnings. There is a difference between the accurate estimate and the Zacks\u2019 agreed estimate of a negative 8.3%, a negative 9% in computing solutions segment and an increase of 3% in the graphic segment which was a counter balance against the negative fall of the previous quarter. Hence, the company has been affected by the declining PC sales.<\/p>\n
As the PC shipping is declining, the company reduces guidance, and management may not achieve its initial full year profit. Hence, there may be decline in stock price, but the second quarter of the year is expected with better results, as the company is trying to achieve the targets by reducing its operating costs to improve its efficiency.<\/p>\n
There are upcoming products lined up for the future, such as the AMD FX-9590 & 8-Core CPU processor for enhanced gaming and multimedia performance unit like the AMD Opteron X- series, 2013 A- Series & E- series, Mobile accelerated processing unit (APU) & 2013 AMD Elite mobility APU. Although the company has interesting products upcoming, the dependence on the PC industry may affect the revenue and may undervalue the share price.<\/p>\n
The company is providing chips for game consoles as a way to lower its dependence on declining PC markets. The newly launched PlayStation 4 and X-Box one video games will feature its processors.<\/p>\n
The company\u2019s diversified business in communications and gaming business may bring in decent results in the coming days, by also targeting at tablets, hybrid and small screen notebook segments.<\/p>\n
Today\u2019s price in the trading session was almost unchanged, with a low price of $4.25 and a high of $4.49. The price closed at $4.43 with a trading volume of 39.79 million and a market capitalization of $3.16 billion. This shows a positive path, but the stock will have relatively low fluctuations until the quarter results of 18 July.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 07\/17\/2013 (wallstreetpr) \u2013Advanced Micro Devices, Inc. (NYSE:AMD), the world\u2019s largest PC microchip supplier, will release its second quarter results on July 18, 2013. […]<\/p>\n","protected":false},"author":10,"featured_media":8628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[2041,2906],"stock_ticker":[],"class_list":["post-8622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-advanced-micro-devices-inc-nyseamd","tag-nasdaqamd","entry"],"acf":[],"yoast_head":"\n