AMD among top 10 in ac­tiv­ity on Nas­daq

Austin American-Statesman - - BUSINESSBRIEFING - Com­piled from staff re­ports

Ad­vanced Mi­cro De­vices Inc. was one of the 10 most ac­tively traded Nas­daq stocks Mon­day, ahead of its earn­ings re­port due out Thurs­day.

On av­er­age, an­a­lysts ex­pect the chip­maker to re­port a per-share profit of 7 cents for the sec­ond quar­ter. That com­pares with a 49-cent loss a year ear­lier.

The av­er­age rev­enue es­ti­mate of $1.55 bil­lion is up from $1.2 bil­lion a year ago.

More than 36 mil­lion AMD shares traded Mon­day, about 20 per­cent more than usual. The shares closed at $7.36, up 2 cents.

AMD’s fi­nances have been im­prov­ing since it spun off its man­u­fac­tur­ing op­er­a­tions as a sep­a­rate com­pany. Ad­di­tion­ally, an im­prov­ing per­sonal com­puter mar­ket has in­creased de­mand for chips.

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