On Monday, Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD), lost -2.37% to $2.47.
Advanced Micro Devices, declared that revenue for the second quarter ended June 27, 2015 is predictable to be lower than formerly guided. The company now anticipates second quarter revenue to decrease about 8 percent sequentially, contrast to the previous guidance of down 3 percent, plus or minus 3 percent. The sequential decrease is primarily due to weaker than predictable consumer PC demand impacting the company’s Original Equipment Manufacturer (OEM) APU sales. The company anticipates second quarter channel sales and channel inventory reduction efforts to be in-line with the company’s plans.
AMD will report second quarter 2015 results after market close on Thursday, July 16, 2015. AMD will hold a conference call for the financial community at 2:30 p.m. PT (5:30 p.m. ET) that day to talk about second quarter financial results and to provide information regarding predictable third quarter results.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company’s products primarily comprise x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SoC) products.
Shares of Santander Consumer USA Holdings Inc. (NYSE:SC), declined -8.36% to $24.01, during its last trading session.
The Board of Directors of Santander Consumer, declared the appointment of Jason A. Kulas as Chief Executive Officer. Mr. Kulas succeeds Thomas G. Dundon, the company’s former Chairman and Chief Executive Officer, in line with SCUSA’s Board-approved succession plan. Mr. Dundon will continue to serve as a member of the SCUSA Board of Directors and as a senior adviser to the company.
After successfully growing the SCUSA business over the last 20 years, counting nine years as CEO, Mr. Dundon has decided to pursue new opportunities.
The Board of SCUSA has designated Lead Outside Director Stephen Ferriss as interim Chairman, effective until the July 15 SCUSA annual meeting.
Santander Consumer USA Holdings Inc., a specialized consumer finance company, provides vehicle finance and unsecured consumer lending products in the United States. The company’s vehicle finance products and services comprise retail installment contracts, vehicle leases, and dealer loans.
Finally, Kimco Realty Corporation (NYSE:KIM), ended its last trade with 1.22% gain, and closed at $23.18.
Kimco Realty Corporation, declared that it has won three Lighting Energy Efficiency in Parking (LEEP) campaign awards for largest absolute number of facility upgrades; best use of controls; and largest absolute area. Kimco formerly won a LEEP award for largest absolute number of facility upgrades in 2014.
The awards program recognizes owners and managers who install highly-efficient lighting solutions in their parking facilities. The campaign and awards program is sponsored by the Building Owners and Managers Association (BOMA), the Green Parking Council (GPC), the International Parking Institute, the International Facility Administration Association (IFMA), and supported by the U.S. Department of Energy (DOE).
Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and administration of neighborhood and community shopping centers.
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