Advanced Micro Devices, Inc. (NYSE: AMD) Jumps After Hours



Advanced Micro Devices (AMD) is higher in after hours trading after the company said that it returned to profit in Q1 versus the prior year period, topping analysts’ expectations, and provided revenue guidance for Q2.

Shares are up 5.96% at $3.91, with a 52-week range of $2.29 – $4.65.

The global semiconductor company reported Q1 earnings of $0.02 per share, compared with the prior-year period’s $0.13 loss per share. Revenue was $1.4 billion, up 28% from $1.09 billion in the same quarter last year.

Acording to Market Report, Analysts polled by Capital IQ were expecting EPS of $0.00 on revenues of $1.339 billion.

The company expects Q2 revenue to increase 3%, plus or minus 3%, sequentially.

In Other After Hours News

Chase Corporation (CCF), a manufacturer of protective materials for high reliability applications, disclosed in a regulatory filing late Thursday that Kenneth L. Dumas, its chief financial officer and treasurer has decided to leave the company at the end of its fiscal year to pursue new opportunities.

Dumas will remain in his role until Sept. 1, 2014 in order to help complete key projects and provide a smooth transition.

Shares closed at $32.59 with a 52-week range of $16.98 – $36.76.

Fidelity Southern (LION) reported that earnings for Q1 improved year over year and topped analysts’ expectations.

The bank holding company that operates Fidelity Bank reported Q1 earnings of $6.1 million or $0.26 per share, compared with the prior-year period’s $5.67 million or $0.33 per share.

Analysts polled by Capital IQ were expecting EPS of $0.23.

Shares closed at $13.62 with a 52-week range of $10.72 – $17.84.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone