AMD To Exit A Server Business As Q1 EPS, Q2 View Miss

By | April 17, 2015

Scalper1 News

Advanced Micro Devices (AMD) stock fell Thursday after the company’s Q1 missed Wall Street views and it lowered its revenue forecast for Q2. The beleaguered chipmaker — its stock hasn’t traded above 5 since July 2012 — also announced it would exit the market for custom-built servers for data centers. The company cited weak sales of personal computers for the miss. AMD late Thursday posted a 9-cent loss per share minus items, compared with a 2-cent Scalper1 News

Scalper1 News