AMD Falls 16%: FBR, Bernstein Cut to Hold; ‘Uninvestable’?
Shares of Advanced Micro Devices (AMD) are down 43 cents, or 16%, at $2.20 after the company last night reported Q3 revenue and earnings per share that missed analysts’ estimates and said it would commence a restructuring involving a 15% cut in staff to save $190 million next year in operating costs. On a conference [...]
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