Orlando, FL -- (SBWIRE) -- 10/22/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Advanced Micro Devices, Inc. (NYSE:AMD), Illumina, Inc. (NASDAQ:ILMN).
Advanced Micro Devices, Inc. (NYSE:AMD) shares fell 4.53% to $3.37. The company on Oct. 17 reported that it moved to a profit for its fiscal third quarter. But the microchip maker saw a steep decline in sales of chips for notebook computers. The company earned $48 million, or 6 cents per share, for the quarter that ended Sept. 28. That compares with a loss of $157 million, or 21 cents per share, last year. Revenue jumped to $1.46 billion from $1.27 billion. On an adjusted basis, the company earned 4 cents per share versus a loss of 20 cents per share last year. Analysts were anticipating earnings of 4 cents per share on revenue of $1.46 billion.
Additionally, Wedbush upgraded shares of AMD from a neutral rating to an outperform rating in a report released on Oct. 16. Wedbush currently has $5.00 price objective on the stock, up from their previous price objective of $4.50.
Are investors worried about the recent updates with AMD? Find out with a free trend analysis HERE
Illumina, Inc. (NASDAQ:ILMN) shares gained 0.41% to $81.76. The company on Oct. 21 announced its financial results for the third quarter of 2013. The company reported third quarter revenue of $357 million, a 25% increase compared to $286 million in the third quarter of 2012. GAAP net income for the quarter stood at $31 million, or $0.22 per diluted share, compared to $30 million, or $0.22 per diluted share, for the third quarter of 2012. Non-GAAP net income for the quarter of $63 million, or $0.45 per diluted share, compared to $54 million, or $0.41 per diluted share, for the third quarter of 2012.
Is ILMN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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