ADVFN - Advanced Financial Network.
HOME» NYSE » A » AMD Stock Price » AMD Stock News

Advanced Micro Share News

 Advanced Micro Devices, Inc. Stock Price
AMD Stock Price
 Advanced Micro Devices, Inc. Stock Chart
AMD Stock Chart
 Advanced Micro Devices, Inc. Stock News
AMD Stock News
 Advanced Micro Devices, Inc. Company Information
AMD Company Information
 Advanced Micro Devices, Inc. Stock Trades
AMD Stock Trades

Applied Materials Lowers Year View as Demand from Foundry Customers Weakens

By Victoria Stilwell Applied Materials Inc. (AMAT) lowered its full-year guidance to reflect weaker-than-expected demand in its semiconductor business among its foundry customers. Shares were recently trading about 2% lower at $10.81 as the company warned it expects to fall short of its previous revenue prediction of $9.1 billion to $9.5 billion and adjusted per-share earnings of 85 cents to 95 cents for the year ending Oct. 28. The company said demand changes could have a impact of 15 cents a share to 20 cents a share on its full-year adjusted earnings. The company will provide a new target range during its Aug. 15 earnings call. The company also lowered its 2012 industry forecast for wafer fab equipment spending to a range of $30 billion to $33 billion, down from its earlier expectation of $32 billion to $35 billion. Applied Materials is the largest provider of machines used in making semiconductors, solar panels and displays. The company has broadened its business to include tools used in making solar panels and displays used in computers and TV sets. Supply gluts for manufacturers in those businesses have slowed plans to boost production capacity in the past year and have hurt Applied Materials' results. The company in May reported its fiscal second-quarter profit shrank 41% as the its margins narrowed, though revenue dropped less than expected. The revision follows Advanced Micro Devices Inc.'s (AMD) lowered revenue expectations for the recently ended second quarter amid smller-than-expected sales in China and Europe. AMD said demand for semiconductors has been shaky this year amid global economic woes, and weaker consumer spending has also impacted second-quarter sales. Write to Victoria Stilwell at

Stock News for Advanced Micro (AMD)
04/02/201409:27:32U.S. Hot Stock Futures: Hot Stocks to Watch
02/04/201415:06:39ADM Profit Falls on Charges, Slow Corn Selling --Update
01/22/201417:14:04MARKET SNAPSHOT: IBM Drags On Dow; U.S. Stocks Mostly Rise
01/22/201412:03:26TECH STOCKS: IBM's Outlook Gives Big Blue A Black Eye
01/22/201411:11:45MARKET SNAPSHOT: IBM Drags On Dow As U.S. Stocks Mostly Fall
01/22/201410:17:37MARKET SNAPSHOT: U.S. Stocks Open Higher; IBM Drags On Dow
01/22/201409:17:27U.S. Hot Stocks: Hot Stocks to Watch
01/21/201420:30:42AMD Posts Profit But Warns on Revenue
01/21/201418:14:08TECH STOCKS: Expedia Gets Hit On Google Traffic Decline Issue
01/14/201416:43:25TECH STOCKS: Intel, Google Lift Techs; GameStop Falls
12/05/201311:08:09TECH STOCKS: Apple Gains On China News; Chips Lift Techs
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
11/14/201307:19:29The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:25The Vanguard Group 3Q 13F: Largest Sales
11/12/201316:47:10TECH STOCKS: Symantec Slides; Facebook, AMD Rise
11/01/201316:50:39TECH STOCKS: Apple, Chips Weigh On Techs; Groupon Rallies
11/01/201311:17:44TECH STOCKS: H-P, Groupon, Facebook Keep Techs In Black
10/21/201316:51:12TECH STOCKS: Apple, Netflix, Yahoo Lead Tech Stocks Higher
10/21/201311:03:36TECH STOCKS: Apple, Netflix, Yahoo Lead Techs Higher

Advanced Micro and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations