Advanced Micro Devices, Inc. (NYSE:AMD) boost up investor confidence with positive Q2 results


Dallas, Texas 07/31/2013 (Financialstrend) – The recently released second quarter results of this fiscal year for Advanced Micro Devices, Inc. (NYSE:AMD) had shown positive results to boost up investor confidence for the stock. The company had presented revenues at $1.16 billion, an increase of 7% over the previous quarter and a decline of 18% over the revenues posted for the second quarter of fiscal year 2012. While Advanced Micro Devices had reported a gross profit margin of 41% for the second quarter of 2012, the same had declined by 100 basis points to the level of 40% for this year.

In addition, the company had reported non GAAP adjusted net losses to be at $20 million for the second quarter with operating loss at $29 million. The net loss attributable to the shareholders of the stock was observed to be at $65 million for this quarter, which translates into 9 cents per basic and diluted share of the company. There had been an upward trend in the price movements of the stock of AMD in the recent days with the announcement on second quarter results.

Advanced Micro Devices, Inc. (NYSE:AMD) had closed for the day on Tuesday with $3.82 per share with a bullish behavior of 1.87% over the previous day’s closing price. The intraday movements of the stock were between low value of $3.75 to a high value of $3.85 per share. The yearly stock price variations are between the lower value of $1.81 to a higher value of $4.65 per share. The shares held by the investors and the company insiders account to 714.00 million with an institutional ownership of 53%. The total stock value of the company in the stock market is $2.73 billion. The trading trend of the company for its latest trading day was 19.58 million shares compared to the average trading volume over the month of 35.97 million shares.