Advanced Micro Devices Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Advanced Micro Devices, Inc. (NYSE:AMD) will unveil its latest earnings on Thursday, October 27, 2011. 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 estimate of analysts is for profit of 10 cents per share, a decline of 33.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 18 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 14.3% versus last year to 42 cents.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of 9 cents per share against a mean estimate of profit of 8 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.65 billion in revenue this quarter, a rise of 1.9% from the year ago quarter. Analysts are forecasting total revenue of $6.56 billion for the year, a rise of 1.1% from last year’s revenue of $6.49 billion.

Analyst Ratings: Analysts seem relatively indifferent about Advanced Micro Devices with 14 of 25 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a profit of $61 million (8 cents a share) from a loss of $43 million (6 cents) a year earlier, beating analyst estimates. Revenue fell 4.8% to $1.57 billion from $1.65 billion.

Key Stats:

A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 2.5%in the first quarter, 0.2% in the fourth quarter of the last fiscal year and 15.9% in the third quarter of the last fiscal year.

Competitors to Watch: Intel Corporation (NASDAQ:INTC), NVIDIA Corporation (NASDAQ:NVDA), MIPS Technologies, Inc. (NASDAQ:MIPS), Texas Instruments Inc. (NYSE:TXN), ARM Holdings plc (NASDAQ:ARMH), Microsoft Corporation (NASDAQ:MSFT), Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Broadcom Corporation (NASDAQ:BRCM), and Apple Inc. (NASDAQ:AAPL).

Stock Price Performance: During July 28, 2011 to October 21, 2011, the stock price had fallen $2.70 (-36.4%) from $7.42 to $4.72. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 12.2% (-$1.06) over that span. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 8, 2010 when shares rose for seven-straight days, rising 12.1% (+88 cents) over that span. Shares are down $3.46 (-42.3%) year to date.

(Source: Xignite Financials)

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