AMD comes in with +0.09 cents (pro-forma) per share vs 0.04 expected! Flash memory +34% to sales of $566 million dollars!
I wouldn't call it a blowout ... The fourth quarter results include a favorable impact of $14 million, or $0.03 per share So now you're looking at .06 ... Trading down at or under $17 after closing at $17.38. Better take off your rose colored glasses ...
You need to learn how to read an earnings report properly! The pro-forma result was +0.09 cents per share. Without the .03 cent restructuring charge that you speak of, the earnings number was: +0.12
Looks to be the story initially, ( stock popped to $17.90 initially )but I believe that a lot will hinge on the conference call, with people looking for Q1-Guidance and the success of the adoption of its Athlon 64 and Opteron processors. Oppenheimer by the way, was looking for +0.09 with the rest of the Street around .03-.04 cents per quarter. Meanwhile, the Book-to-Bill Ratio is being watched carefully today after the close. http://www.semi.org/wps/portal
Looking forward, AMD said it expects aggregate sales to be down slightly ... just like INTC forecast Q1 to be down sequentially