Orlando, FL -- (SBWIRE) -- 10/23/2013 -- 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 Micron Technology, Inc. (NASDAQ:MU), Advanced Micro Devices, Inc. (NYSE:AMD).
Micron Technology, Inc. (NASDAQ:MU) shares gained 1.18% to $16.76. The company on Oct. 10 said it swung to a quarterly profit, aided by one-time gains from its acquisition of Elpida Memory. The company reported a fourth-quarter profit of $1.71 billion, or $1.51 a share, as against a loss of $243 million, or 24 cents a share, for the year-ago period. Revenue rose to $2.84 billion from $1.96 billion. Analysts expected Micron to report a profit of 24 cents a share, on revenue of $2.7 billion.
Additionally, MU’s stock has been upgraded by TheStreet Ratings from hold to buy on Oct. 21. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and good cash flow from operations.
Are investors worried about the recent updates with MU? Find out with a free trend analysis HERE
Advanced Micro Devices, Inc. (NYSE:AMD) shares fell 5.64% to $3.18. 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.
Is AMD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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