On Friday, Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares declined -10.28% to $2.58.
Advanced Micro Devices, Inc. (AMD) declared revenue for the first quarter of 2015 of $1.03 billion, operating loss of $137 million and net loss of $180 million, or $0.23 per share. Non-GAAP(1) operating loss was $30 million and non-GAAP(1) net loss was $73 million, or $0.09 per share.
Q1 2015 Results
- Revenue of $1.03 billion, down 17 percent sequentially and 26 percent year-over-year.
- Gross margin of 32 percent, up 3 percentage points sequentially, primarily due to a lower of cost or market inventory adjustment in Q4 2014. Non-GAAP(1)gross margin of 32 percent, reduced 2 percentage points sequentially due to product mix and lower game console royalties in the first quarter.
- Operating loss of $137 million, contrast to an operating loss of $330 million for the preceding quarter, which comprised of goodwill impairment and a lower of cost or market inventory adjustment in Q4 2014. Non-GAAP(1)operating loss of $30 million, contrast to non-GAAP(1)operating income of $52 million in Q4 2014, primarily due to lower revenue and gross margin.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The companys 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.
SandRidge Energy Inc. (NYSE:SD)’s shares dropped -9.78% to $2.03.
SandRidge Energy Inc. (SD) will release its 2015 first quarter shareholder update and financial results after the close of trading on the New York Stock Exchange on Wednesday, May 6, 2015.
The company will host a conference call to talk about these results on Thursday, May 7, 2015 at 8:00am CDT. The telephone number to access the conference call from within the U.S. is 877-201-0168 and from outside the U.S. is 647-788-4901.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
At the end of Friday’s trade, MagneGas Corporation (NASDAQ:MNGA)‘s shares dipped -8.59% to $0.676.
MagneGas Corporation (MNGA) offered the following statement regarding an accident at the Company’s Tarpon Springs, Florida facility:
“The company practiced an accident at its Tarpon Springs facility. Tragically, a member of our employee family was killed. Our deep sympathy goes out to the immediate family and our thoughts and prayers are with the family and all friends. Another member of our employee family was taken to a local hospital. Our thoughts and prayers are with him and his family as well. All of our other employees are safe and accounted for. We humbly request the media to respect the privacy of our employees and their families. Our top precedingity is the health and safety of these people who as we said are considered family.
MagneGas Corporation, an alternative energy company, hydrogen based alternative fuel through the gasification of carbon-rich liquids in the United States and internationally. The company produces and distributes gas bottled in cylinders to the metalworking market as an alternative to acetylene.
Emerald Oil Inc (NYSEMKT:EOX), ended its Friday’s trading session with -8.79% loss, and closed at $0.605.
Emerald Oil Inc (EOX) plans to declare its first quarter 2015 financial and operational results on Monday, May 4, 2015 after the close of trading on the NYSE MKT. The Company will host a conference call on Tuesday, May 5, 2015 at 10:00 a.m. Eastern Time to talk about financial and operational results for the quarter end.
Emerald Oil, Inc. operates as an independent oil and natural gas exploration and production company in the United States. The company designs, drills, and operates oil and natural gas wells. It primarily focuses on acquiring acreage and developing oil and natural gas wells in the Williston Basin located in North Dakota and Montana.
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