Advanced Micro Devices Higher Ahead of Earnings

Published on Monday, 23 January 2012 13:32 Written by Christian Paolinetti

New York, January 23rd (TradersHuddle.com) - Shares of Advanced Micro Devices, Inc. (NYSE:AMD) are trading higher by +1.40% ahead of its quarterly earnings release. Advanced Micro Devices, the second largest chipmaker in the world is expected to release its quarterly results on January 24^th.

Wall Street Analysts consensus calls for a profit of $0.16 a share on $1.72 billion revenue.

Advanced Micro Devices estimates have a range of $0.13 a share. The high estimate calls for profit of $0.2 a share and the low estimate is calling for a profit of $0.07 a share, a year ago for the quarter the company reported $0.14 a share.

Advanced Micro Devices, Inc. (NYSE:AMD) manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, the second largest chipmaker in the world, offers its products on a global basis.

Other companies on the watch on this earnings event are Intel Corporation NASDAQ:INTC and Texas Instruments Incorporated NYSE:TXN.