Advanced Micro Devices, Inc. (NYSE:AMD)’s Q2 shows positive results


Dallas, Texas 07/30/2013 (Financialstrend) – In the recently presented financial performance results for the second quarter of fiscal year 2013, Advanced Micro Devices, Inc. (NYSE:AMD) had reported revenues at $1.16 billion, which was observed to be an increase of 7 percent over the revenues for the previous quarter and a decline of 18 percent over the revenues reported for the same quarter of previous year. The gross profit margin for the second quarter had been reported to be at 40% which was observed to be a decline from the 41% gross profits reported for the previous quarter.

Further the company had reported operating loss at $29 million and net loss at $74 million, which translates into loss of 10 cents per basic and diluted share of Advanced Micro Devices. Further, the non GAAP adjusted operating loss for the company was reported to be at $20 million for this quarter, with net loss at the level of $65 million or at 9 cents per basic and diluted share of the company. The shares of the company had recently been surging to higher prices with this announcement on the second quarter results.

The share of Advanced Micro Devices, Inc. (NYSE:AMD) was declined by 1.83% on Monday to close down for the day with $3.75 per share. The company had recorded the trading day low price of $3.75 and high price of $3.89 on Monday. For the last twelve months of trading, the low price of the stock is at $1.81 and high price of the stock is at $4.65 per share. Currently there are 714.00 million shares of the company outstanding in the market and 53% institutional ownership. The trading volume of the company on Monday was 32.31 million shares and the trading volume over the past 30 days of the company was 35.38 million shares per day. The total market value of the company is 2.68 billion.