Advanced Micro Devices Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Advanced Micro Devices, Inc. (NYSE:AMD) will unveil its latest earnings on Thursday, April 19, 2012. Advanced Micro Devices is a semiconductor company with manufacturing, research and development, and sales and administrative facilities throughout the world. It provides processing solutions for the computing and graphics markets. .

Advanced Micro Devices, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 9 cents per share, a rise of 12.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 10 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 9 cents during the last month. Analysts are projecting profit to rise by 32% versus last year to 66 cents.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting net income of 19 cents per share against a mean estimate of profit of 16 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.56 billion in revenue this quarter, a decline of 3.1% from the year-ago quarter. Analysts are forecasting total revenue of $6.71 billion for the year, a rise of 2.1% from last year’s revenue of $6.57 billion.

Analyst Ratings: Analysts are bullish on Advanced Micro Devices, as 13 analysts rate it as a buy, three rate it as a sell and 11 rate it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $177 million (24 cents a share) from a profit of $375 million (51 cents) a year earlier, but beat analyst expectations. Revenue rose 2.5% to $1.69 billion from $1.65 billion.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 4.4% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 18, 2012 and April 13, 2012, the stock price rose $1.76 (29.5%), from $5.97 to $7.73. The stock price saw one of its best stretches over the last year between January 13, 2012 and January 27, 2012, when shares rose for 10 straight days, increasing 20.5% (+$1.16) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight days, dropping 12.2% (-$1.06) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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