Technology Stocks Advanced Micro Devices, Inc. (NASDAQ:AMD) & InterXion Holding NV (NYSE:INXN) Surged Today Why?
On Monday, Advanced Micro Devices, Inc. (NASDAQ:AMD), surge 2.41% to $13.62 & InterXion Holding NV (NYSE:INXN), gained 1.21% to $42.16.
During the last trading session Advanced Micro Devices the minimum price at which share is traded was $ 13.25 and peak price of the day was $ 13.63. Advanced Micro Devices, Inc. (NASDAQ:AMD) stated an 18.3 percent jump in quarterly revenue, mostly in line with analysts’ estimates, but the chipmaker’s second-quarter gross margins forecast raised some concerns.
AMD ( NASDAQ : AMD ) declared revenue for the first quarter of 2017 of $984 million, operating loss of $29 million, and net loss of $73 million, or $0.08 per share. On a non-GAAP basis, operating loss was $6 million, net loss was $38 million, and loss per share was $0.04.
- Revenue of $984 million was up 18 percent year-over-year, driven by higher revenue in both the Computing and Graphics and Enterprise, Embedded, and Semi-Custom business segments. Revenue was down 11 percent sequentially, due mainly to seasonality in both segments. However, Computing and Graphics segment revenue depreciate was better than seasonal because of the initial sales from high performance Ryzen™ desktop processors.
- On a GAAP basis, gross margin was 34 percent, up 2 percentage points year-over-year and sequentially because of a higher percentage of revenue from the Computing and Graphics segment, in addition to a richer product mix within that segment. Operating loss of $29 million contrast to operating losses of $68 million a year ago and $3 million in the prior quarter. Net loss of $73 million contrast to net losses of $109 million a year ago and $51 million in the prior quarter. Loss per share of $0.08 contrast to a loss per share of $0.14 a year ago and a loss per share of $0.06 in the prior quarter.
- On a non-GAAP(1) basis, gross margin was 34 percent, up 2 percentage points year-over-year and sequentially. Operating loss of $6 million contrast to an operating loss of $55 million a year ago and operating income of $26 million in the prior quarter. Net loss of $38 million contrast to net losses of $96 million a year ago and $8 million in the prior quarter. Loss per share of $0.04 contrast to a loss per share of $0.12 a year ago and a loss per share of $0.01 in the prior quarter.
- Cash, cash equivalents, and marketable securities were $943 million at the end of the quarter, down $321 million from the end of the prior quarter mainly because of the timing of sales and cash collections, debt interest payments, and raised inventory.
On the other hand, InterXion Holding NV (NYSE:INXN), is a provider of carrier and cloud neutral colocation data center services in Europe. The Company has 69.92M shares outstanding while EPS in next five years is expected to reach 17.21% while EPS growth in past 5 year was 7.60%. On April 5, 2017, Interxion Holding N.V. (INXN), will release its first quarter 2017 results on Wednesday, 3 May 2017, and will host a conference call at 8:30 a.m. ET (1:30 p.m. BST, 2:30 p.m. CET) to discuss the results.