Advanced Micro Devices sells off big today on Q3 data

Filed under: Earnings reports, Intel (INTC), Advanced Micro Dev (AMD), Technology

You've heard of the Monday blues, right? Monday is a depressing day, while Friday is supposed to be the best day of the week. Unfortunately, that's not the case with chip maker Advanced Micro Devices (NYSE: AMD). The stock closed down over 7% on extremely high volume.

According to Reuters coverage, AMD, which issued results yesterday after the bell, beat estimates on both the top and bottom lines. In fact, the bottom line was particularly impressive. AMD lost 18 cents per share. The belief was that the company would lose as much as 42 cents per share.

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Advanced Micro Devices sells off big today on Q3 data originally appeared on BloggingStocks on Fri, 16 Oct 2009 18:00:00 EST. Please see our terms for use of feeds.

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