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AMD shares still face pressure, despite CEO's expectations and product gains

bizjournals Thursday, 2 November 2017 ()
A week after an unforgiving stock market hammered Advanced Micro Devices Inc. shares, even in the face of better-than-projected third-quarter results, Wall Street is still in an unforgiving mood. AMD shares closed at $10.80 on Nov. 1 — a 12.4 percent drop from its closing price of $12.33 a week earlier, when investors began selling shares in droves. Go here to track it. A combination of higher expectations by Wall Street, an annual nosedive of console chip sales in the fourth quarter and the…
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Source: Wochit Business - < > Embed
News video: Chipotle Misses Big on Revenue Expectations

Chipotle Misses Big on Revenue Expectations 00:43

After missing big on earnings, shares of Chipotle are set to open at their lowest point this week since 2013. On Tuesday, the company reported adjusted earnings of $1.33 per share compared to an estimate from Wall Street of $1.63. It also brought in $1.13 billion in revenue, missing another estimate...

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