For Immediate Release
Chicago, IL – January 25, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Advanced Micro Devices (AMD), Intel Corporation (INTC), Hewlett Packard Company (HPQ), International Business Machines (IBM) and Dell (DELL).
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Here are highlights from Friday’s Analyst Blog:
AMD Beats, Revenue & Profits Leap
Advanced Micro Devices (AMD) continued to strengthen in the fourth quarter, with pro forma earnings beating the Zacks Consensus Estimate by 14 cents. Its settlement with Intel Corporation (INTC) added a dollar and 57 cents to GAAP earnings. Revenue exceeded the Zacks consensus by 10.5%.
Revenue
Revenue of $1.65 billion was up 36.6% sequentially and 39.7% year over year, better than management’s expectations of a modest sequential increase. Revenue in the last quarter excludes a one-time process technology licensing revenue of $191 million.
The fourth quarter strength was driven by both consumer and business customers. The holiday season drove higher consumer demand, while the improving economy encouraged stronger enterprise spending. Therefore, sell-through was strong. Growing demand for the Radeon 5000 Series also drove sales.
Revenue by Segment
Computing Solutions generated $1.21 billion, up 13.6% from the third quarter. Both ASPs and double-digit unit growth contributed to the increase. Unit growth was driven by a 19% increase in notebook processor shipments and a 21% increase in server processor shipments. Chipset revenue also increased.
Graphics revenue was $427 million, an increase of 39.5% sequentially. Both mobile discrete graphic processors (consumer segment) and workstation graphic processors (business segment) helped sales in the last quarter.
Foundry segment sales increased 17.9% to $309 million. Foundry segment sales are eliminated in inter-segment calculations; therefore, they do not increase the net revenue figure. Other products generated around $5 million in the last quarter, down 76.2% from the third quarter.
AMD platforms continued to do well, with HP, Acer, Toshiba, Asustek and MSI announcing plans to introduce more than 70 notebooks based on AMD’s latest generation of mainstream and ultra-thin platforms. The AMD 6 core Opteron processor witnessed very strong growth. Hewlett Packard Company (HPQ), International Business Machines (IBM) and Dell (DELL) currently have products based on it.
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