Advanced Micro 2Q Earnings Pregame Scorecard

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Advanced Micro (NYSE:AMD) has beaten estimates for five straight quarters and will go for a sixth when it reports again on Thursday, July 19, 2012.

Expectations

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Analysts currently expect Advanced Micro to come in with earnings of 7 cents per share on revenues of $1.41 billion. Estimates range from 5 cents per share to 16 cents per share. Over the past two months, the average estimate has moved down from 14 cents.

Last Quarter's Results

In the first quarter, the company swung to a loss of $590 million (80 cents a share) from a profit of $510 million (68 cents) a year earlier, but beat analyst expectations. Revenue fell 1.7% to $1.58 billion from $1.61 billion.

Stock Ratings

Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

The stock price has been falling recently The share price has fallen $1.13 since July 3, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $3.07 (-38.5%), from $7.97 to $4.90.

Company Fundamental Trends After last quarter's drop snapped a string of revenue increases, the company will look to move in the right direction again. Revenue rose 2.5% in the fourth quarter of the last fiscal year and 4.4% in the third quarter of the last fiscal year before falling in the first quarter.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012

EPS: 7 cents

Revenue Estimate: $1.41 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)