AMD Topped Out For Now

Posted in pre-market 
April 16th, 2010

Advanced Micro Devices Inc. (NYSE: AMD) returned to profitability with $0.09 in non-GAAP EPS versus an expected loss.  The problem is that the guidance failed to impress.

AMD was originally up in the after-hours session, but as has been the case many times its guidance disappointment sent shares from being up to being down.  This traded 5,101,811 shares in the after-hours session and the last trade was down 4.8% at $9.67.

The 52-week range is $3.17 – $10.24 and average trading volume is over 20 million shares.

At 8:35 AM EST we have shares down 4.7% at $9.68, but only 200,000 shares have traded hands.


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