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New York, NY -- (SBWIRE) -- 01/22/2013 -- Capital One Financial Corporation (NYSE:COF) is a diversified financial services holding company. The Company and its subsidiaries offer a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels.
Shares of Capital One Finan (NYSE:COF) are trading at $56.99 and is -3.92% of its 50-day Moving Average price of $59.3139 and -1.35% from its 200-day Moving Average price of $57.771. The average trading volume is 4084320 shares and its market capitalization is $32.957B.
Can COF Continue To Move Higher? Find Out Here
Advanced Micro Devices, Inc. (NYSE:AMD") has been no exception.The decline in sales of personal computers has had an adverse impact on chip makers and according to reports AMD has been the worst hit so far.The company has posted negative cash flows for two successive quarters while revenues have also dipped.While the external environment remains challenging, the company has had to struggle with a change in its leadership, manufacturing problems as well as the company’s inability to respond fast to the changing needs of consumers.
The overall pessimism has been reflected in the company’s stock price which has fallen more than 60 percent since March last year. The company, which is expected to announce its fourth quarterly results on January 22, is seen to post a loss of 20 cents a share, compared to a profit of 19 cents a year earlier. Analysts are projecting a loss of 23 cents per share for the fiscal year. Analysts project revenue to fall 32 percent year-over-year to $1.15 billion for the quarter, after being $1.69 billion a year ago. For the year, revenue is expected to come in at $5.42 billion.The dismal trend that AMD showed in the third quarter is very much expected to continue.
Last quarter the company had taken some initiatives to improve its competitiveness in the market as well as to reduce expenses. One of them was an increase in Trinity notebook shipments and the introduction of Opteron chips in the server market. All these measures may have a positive impact on its earnings. Also, the restructuring efforts may reduce is expenses by 25 percent.
Can AMD Find The Top further? Find Out Here
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