Intel, which announced earnings 2 days ago, posted profit of $2.27 billion, or 38 cents and margins of 58.3%, yet gets hammered 12-13% the few days before earnings and another 12-13% after posting earnings….for supposedly coming in slightly shy on profits and revenues and cautiously guiding the next quarter…..
AMD, which announced earnings today, posted a loss of $1.77 billion, also came in slightly short on revenue expectations, admitted it overpaid for ATI (by 30%- hence taking huge "one time charges"), and has production issues and delays for the next generation server processors, is trading 4.5% up AH…
Go figure.
(Yes, I understand that it's more about expectations than the actual numbers).
