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Earnings Analysis: 
Advanced Micro Devices Sales Up 40%; Google Net Rises 24%
Author: Trupti Mehta
123jump.com
Last Update: 5:05 AM ET July 16 2010



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Advanced Micro Devices, Inc second quarter revenues rose 40% to $1.65 billion and net loss was $43.0 million or 6 cents a share. Google Inc second quarter revenues rose 24% to $6.82 billion and net income surged 24% to $1.84 billion or $5.71 a share.

 
[R]4:30AM New York - Advanced Micro Devices, Inc revenue rose 40% and net loss was $43.0 million. Google Inc revenue rose 24% and net income rose 24%.[/R]

Advanced Micro Devices, Inc (AMD: chart), the global semiconductor company said second quarter revenues rose 40% to $1.65 billion from $1.18 billion a year ago. Net loss in the quarter was $43.0 million or 6 cents per diluted share compared to net loss of $330.0 million or 49 cents per share a year ago.

Advanced Micro Devices, Inc, in the last one year traded as high as $10.24 in April 2010 and as low as $3.41 in August 2009. Based on the yesterday’s closing price of $7.41 the company has market cap of $4.99 billion.

AngioDynamics, Inc, (ANGO: chart), a provider of medical devices said fourth quarter revenues rose 14% to $60.3 million from $52.8 million a year ago. Net income in the quarter rose 29% to $3.7 million or 15 cents per diluted share compared to net income of $2.9 million or 12 cents per share a year ago.

For the full year revenues rose 11% to $216.0 million from $195.1 million a year ago. Net income in the quarter rose 24% to $12.3 million or 50 cents per diluted share compared to net income of $9.9 million or 41 cents per share a year ago.

AngioDynamics, Inc, in the last one year traded as high as $17.86 in January 2010 and as low as $3.41 in August 2009. Based on the yesterday’s closing price of $7.41 the company has market cap of $381.79 million.

Cubist Pharmaceuticals, Inc, (CBST: chart), the biopharmaceutical company said second quarter revenues rose 29% to $168.5 million from $130.8 million a year ago. Net income in the quarter rose 18% to $28.1 million or 45 cents per diluted share compared to net income of $23.8 million or 40 cents per share a year ago.

Cubist Pharmaceuticals, Inc, in the last one year traded as high as $24.38 in April 2010 and as low as $16.50 in November 2009. Based on the yesterday’s closing price of $21.60 the company has market cap of $1.26 billion.

Google Inc, (GOOG: chart), an internet search engine said second quarter revenues rose 24% to $6.82 billion from $5.52 billion a year ago. Net income in the quarter rose 24% to $1.84 billion or $5.71 per diluted share compared to net income of $1.48 billion or $4.66 per share a year ago.

Google Inc, in the last one year traded as high as $629.51 in January 2010 and as low as $423.50 in July 2010. Based on the yesterday’s closing price of $494.02 the company has market cap of $157.34 billion.

Joe''s Jeans Inc, (JOEZ: chart), a blue-jeans maker said second quarter revenues rose 51% to $25.9 million from $17.2 million a year ago. Net income in the quarter fell 60% to $532,000 or 1 cent per diluted share compared to net income of $1.3 million or 2 cents per share a year ago.

Joe''s Jeans Inc, in the last one year traded as high as $3.60 in April 2010 and as low as $0.60 in October 2009. Based on the yesterday’s closing price of $2.07 the company has market cap of $130.38 million.

People’s United Financial, Inc, (PBCT: chart), the savings and loan company said second quarter net interest income rose 23% to $173.8 million from $141.2 million a year ago. Net income in the quarter fell 37% to $16.0 million or 4 cents per diluted share compared to net income of $25.3 million or 8 cents per share a year ago.

People’s United Financial, Inc, in the last one year traded as high as $17.41 in August 2009 and as low as $13.27 in July 2010. Based on the yesterday’s closing price of $14.15 the company has market cap of $5.30 billion.

Polycom, Inc, (PLCM: chart), the maker of communications and video conferencing equipment said second quarter revenues rose 28% to $295.0 million from $231.0 million a year ago. Net income in the quarter fell 18% to $12.6 million or 14 cents per diluted share compared to net income of $15.3 million or 18 cents per share a year ago.

Polycom, Inc, in the last one year traded as high as $34.14 in May 2010 and as low as $21.00 in October 2009. Based on the yesterday’s closing price of $32.01 the company has market cap of $2.73 billion.

Valmont Industries, Inc, (VMI: chart), the global producer of fabricated metal products said second quarter revenues fell 3.4% to $481.6 million from $498.8 million a year ago. Net income in the quarter fell 61% to $17.1 million or 65 cents per diluted share compared to net income of $44.2 million or $1.69 per share a year ago.

Valmont Industries, Inc, in the last one year traded as high as $89.30 in October 2009 and as low as $65.30 in February 2010. Based on the yesterday’s closing price of $79.21 the company has market cap of $2.09 billion.
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Market data: BATS Exchange. Inc.

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