logo-loader
viewAdvanced Micro Devices, Inc.

Advanced Micro Devices Inc, Electronic Arts Inc, Juniper Networks Inc - AFTER HOURS

Proactive takes a look at after hours trade in New York

1517401911_EricssonChip.jpg
AMD was in focus after the bell

Stocks closed deeply lower in New York, and after the bell, Advanced Micro Devices Inc (NASDAQ:AMD), the computer chip maker, followed in the same vein for a while.

The stock plunged 6% before heading higher, and are now up 2.95% to US$13.25 as its fourth quarter results beat analysts' expectations on the top and bottom lines.

 

The firm also reported strong guidance. Where other companies have had to pay fees for tax reform, AMD said it received a one-time tax credit of US$18mln.

Notably, AMD shares are up over 25% in the year to date.

Elsewhere, Electronic Arts Inc (NASDAQ:EA), the video games firm, saw shares jump over 8.5% after the bell, after it reported third quarter revenue, that slightly missed expectations but reported guidance for the fourth quarter, which beat analysts' expectations.

Elsewhere, Illumina Inc (NASDAQ:ILMN) shares added 0.96% to US$243.50 after the biotech reported fourth quarter and fiscal 2017 financial results. Full year revenue was up by 17%.

Last but not least, Juniper Networks Inc (NYSE:JNPR) fell more than 8.6% in extended trading. The networking hardware company reported fourth quarter earnings of US$0.53 per share on revenue of US$1.24bn, just beating analysts' expectations of US$0.52 EPS on revenue of US$1.23bn.

Quick facts: Advanced Micro Devices, Inc.

Price: 55.88 USD

NASDAQ:AMD
Market: NASDAQ
Market Cap: $65.45 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Australian Vanadium confirms ‘exceptional’ vanadium extraction in test work

Australian Vanadium Ltd (ASX:AVL) (OTCMKTS:ATVVF) managing director Vincent Algar speaks to Proactive about recent pilot test-work conducted at the Australian Vanadium Project, which delivered leach extraction of up to 94.7%. The pilot-scale roast and leach testing has confirmed the...

1 day, 17 hours ago

2 min read