Advanced Micro Devices (AMD) Posts Better-Than-Expected Numbers; Upcoming Key Date for DryShips (DRYS)

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Shares of Advanced Micro Devices, Inc. (Nasdaq:AMD) surged more than 3% in after-hours trading Tuesday as the company delivered better-than-expected quarterly financial results, highlighted by a significant increase in revenue and a narrower loss.

For the fourth quarter fiscal 2016, Advanced Micro posted revenue of $1.11 billion, a 15.8% increase year over year, and non-GAAP net loss of ($8) million, or ($0.01) per share, compared to non-GAAP net loss of ($79) million, or ($0.10) per share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of ($0.02) loss per share on revenues of $1.07 billion for the period.

According to its business outlook, Advanced Micro expects first quarter fiscal 2017 revenue to decrease between 8% and 14% sequentially.

AMD stock finished the regular session in negative territory by 2.26% (or -$0.24) at $10.37 and 51.31M of its shares changed hands during the day.

Advanced Micro Devices, which operates as a semiconductor company worldwide, has 926.87M Shares Outstanding, Market Capitalization (intraday) of $9.83B and AMD stock 52-week range is from $1.81 to $12.42 per share.

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DryShips_DRYS

DryShips Inc. (Nasdaq:DRYS) shares soared 105.28% (or +$2.59) to $5.05 on Tuesday’s trading session as the company said that it raised $198.0 million in net proceeds from a common stock offering.

The Greek shipping company reported after the closing-bell that it expects to report its fourth quarter 2016 financial results on Tuesday, February 7 after the market closes.

DryShips, an international owner of drybulk carriers and offshore support vessels, has approximately 36.25M shares outstanding – following the completion of the offering -, market capitalization (intraday) of $183.08M and DRYS stock one-year range is between $1.97 and $2,227.20 per share.

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