Advanced Micro Devices, Inc (NYSE:AMD), the second largest manufacturer of processors for personal computers after Intel Corporation (NASDAQ:INTC), reported sales moved down in the second-quarter on weaker-than projected orders in China and Europe and tepid users demand.
The company reported that sales in the second-quarter plunged 11% from the earlier period, showing revenue of $1.41 billion, evaluated against a Bloomberg median analyst forecast of $1.63 billion. AMD had earlier estimates sales in the second-quarter would climb 3%.
AMD products demand is being damage by sluggish growth in China, the world’s second-biggest economy, and worsen economic climate in Europe.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Intel Corporation (NASDAQ:INTC) increased +0.06% to settle at $26.17, NVIDIA Corporation (NASDAQ:NVDA) moved down -1.34% to end at $13.22 while MIPS Technologies, Inc. (NASDAQ:MIPS) plunged -1.76% to finish on Monday at $6.69.
Advanced Micro Devices, Inc. (NYSE:AMD) last session volume of 13.57 million shares was lower than its average volume of 14.21 million shares. The stock after opening at $5.69 hit high price of $5.78 and then closed at $5.62 by scoring -2.26%.
The liquidity measure in recent quarter results of the company was recorded 1.36 as current ratio and on the other side the debt to equity ratio was 1.92 and long-term debt to equity ratio also remained 1.45. The Company had total cash at hand $1.54 billion and a book value per share as $1.50 in the most recent quarter.
The stock price volatility was 3.25% for a week and 3.47% for a month as well as price volatility’s Average True Range for 14 days was 0.23 and its beta remained 2.24.
AMD generated revenue of 6.54 billion in the following twelve months and earned -$605.00 million. The Company showed a negative -9.25% in the net profit margin and as well as in its operating margin which remained -4.07%. Company’s annual sales growth for the past five year was 3.14%.
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