| As of Friday, August 14th: |
Since the start of the quarter, the Q2 growth rate has risen from -31.7% to -28%. (Data provided by Thomson Reuters)
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Chipmaker Advanced Micro Devices posted a wider than expected loss and disappointing margins on Tuesday, sending its shares spiralling more than 12 percent lower after-hours.
Margins for the second quarter were 37 percent, close to the 38 percent they hit in the year ago period but behind the 43 percent of the first quarter.
AMD, which competes with much-larger rival Intel [INTC
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], reported a net loss in the second quarter ended June 27 of $335 million, or 49 cents a share. That is better than the year ago period, when AMD posted a loss of $1.19 billion or $1.16 a share.
Excluding certain items, AMD posted a 62 cent loss, compared with the 53 cent loss forecast by analysts, according to Reuters Estimates.
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CNBC.com |
Revenue fell 13 percent from a year ago to $1.18 billion from $1.36 billion, a tad above expectations of $1.13 billion.
Shares of the Sunnyvale, California-based company [AMD
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] fell more than 12 percent in after-hours trades after closing down 2.16 percent at $4.08 on the New York Stock Exchange.
- Lowe's Shares Take Hit as Profit, Guidance Disappoint
Profit at Lowe's, the second-largest home improvement retailer in the US, fell 19 percent in the second quarter, missing analysts' expectations, the company said Monday.
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JCPenney posted a smaller-than-expected net loss as the retailer kept a tight lid on costs, but signaled results could miss expectations later this year, sending its shares lower.
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Abercrombie & Fitch reported a quarterly loss as sliding sales, higher markdowns and increased costs weighed on the teen-apparel retailer.
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Nordstrom posted a steep decline in quarterly profit Thursday that nevertheless met Wall Street's expectations, as the upscale department store chain controlled inventory and expenses to offset languishing sales.
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Data is a real-time snapshot *Data is delayed at least 15 minutes