Notable Earnings: Advanced Micro Devices (AMD), Alphabet (GOOG), Microsoft (MSFT), Starbucks (SBUX)

AMD Stock Jumps on Earnings

Advanced Micro Devices, Inc. (AMD) reported first quarter 2016 results after the bell today that exceeded Wall Street’s expectations. Revenue came in at $832 million, well ahead of Wall Street’s consensus estimate of $818.41 million but down 19.2% from a year ago. Earnings per share was a loss of $0.12. Analysts had been modeling a loss of $0.13 per share.

Share Performance

AMD stock began trading this morning at $2.65 to finish the session down $0.08, or 2.96%, from the prior days close of $2.70. On an intraday basis it got as low as $2.60 and as high as $2.70. In after-hours trading, AMD shares spiked more than 22 percent to $3.22 following the good earnings report.


The company’s current year and next year EPS growth estimates stand at 37% and 38.20%, compared to the industry growth rates of 5.20% and 27.40%, respectively. AMD stock has a t-12 price/sales ratio of 0.54. EPS for the same period registers at (0.84).

The Palo Alto, Calif.-based chipmaker, currently valued at $2.08 billion, has a median Street price target of $2.00 with a high target of $5.00.

AMD stock is down 8.71% year-to-date as of the close of trading on Thursday.

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Google Stock Sinks on Earnings Miss

Shares of search giant Alphabet Inc. (GOOG) plunged more than 41 points to $738.85 in after-hours trading Thursday, after the company this afternoon reported Q116 sales and profit that missed analysts’ estimates, as cost per clicks fell. Revenue in the three months ended in March rose 17.4% year-over-year to $20.26 billion, yielding EPS of $7.50. Analysts had been projecting $20.38 billion and $7.96 per share.

Valuation Metrics

Alphabet Inc. shares, currently with an average 3-month daily trading volume of 1.63 million shares, trade at a trailing-12 P/E of 32.18, a forward P/E of 18.80 and a P/E to growth ratio of 1.33. The median analyst price target on GOOG stock is $918 with a high target of $1,080.00. Currently ticker boasts 43 ‘Buy’ endorsements, compared to 4 ‘Holds’ and no ‘Sell’.

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Microsoft Stock Tumbles on Earnings Miss

Microsoft Corporation (MSFT) dropped $2.03 to $53.75 in after-hours trading after it reported fiscal results for the third quarter.

In its quarterly report, the software giant said it earned $0.62 per share, flat with the year-earlier quarter, on revenues of $22.08 billion. Analysts were expecting EPS of $0.64 on revenues of $22.11 billion.

On Thursday, before the Q3 results were announced, Microsoft stock edged up 0.34% to close regular Nas session at $55.78.

msft stock

SBUX Lower on Earnings

Starbucks stock is down $3.39 to $57.25 in extended hour following the coffee retailer’s earnings results on Thursday. Starbucks (SBUX) reported second-quarter 2016 EPS of $0.39 per share, in-line with consensus, on $4.99 billion in revenue, up 9.4% from a year ago but below forecasts for $5.03 billion.

For Q316, Starbucks provided EPS guidance of $0.48-$0.49 versus consensus of $0.49 per share. For the full fiscal year 2016, the company increased EPS guidance to $1.88-$1.89 from a prior outlook for $1.87-$1.89.

Starbucks Corp. has a current market value of $89.63 billion. As for passive income investors, the name pays shareholders $0.80 per share annually in dividends, yielding 1.31%. Five year average dividend yield currently stands at 1.25%.

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