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Stock Market & Financial Investment News

News Breaks
February 27, 2013
17:34 EDTTSRA, AMDTessera, AMD settle pending litigation, financial terms confidential
Tessera Technologies (TSRA) announced that its Tessera subsidiary has entered into an agreement settling all pending litigation with Advanced Micro Devices (AMD). The specific financial terms of the agreement are confidential. Tessera, Inc. and AMD agreed to dismiss claims and counterclaims between the two parties relating to Tessera's patent infringement claims pending in the United States District Court, Northern District of California. The company is not providing additional financial guidance in connection with this agreement.
News For TSRA;AMD From The Last 14 Days
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April 17, 2014
18:55 EDTAMDOn The Fly: After Hours Movers
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18:27 EDTAMDAMD rallies after results top expectations
Shares of global semiconductor company Advanced Micro Devices (AMD) are advancing in the after-hours session after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: After the bell, AMD reported Q1 adjusted earnings per share of 2c and revenue of $1.4B, compared to expectations of 0c and $1.34B, respectively. WHAT'S NOTABLE: The company forecast Q2 revenue flat to up 6%, compared to consensus of $1.36B. For fiscal 2014, the company expects to grow revenue on a year-over-year basis, and be profitable at the net income level. FY14 CapEx is expected to be approximately $120M. PRICE ACTION: In after-hours trading, AMD gained 23c, or about 6.2%, to $3.92. AMD's stock is up about 48% over the past twelve months, not including after-hours trading. OTHERS TO WATCH: Other companies in the semiconductor space space include Intel (INTC), Texas Instruments (TXN), and Micron Technology (MU).
17:48 EDTAMDAMD seeing PC market beginning to stabilize
Comment from Q1 earnings call.
16:43 EDTAMDAMD expects to grow revenue year-over year for 2014
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16:17 EDTAMDAMD sees Q2 revenue flat to up 6%, consensus $1.36B
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16:16 EDTAMDAMD reports Q1 adjusted EPS 2c, consensus 0c
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15:29 EDTAMDNotable companies reporting after market close
Notable companies reporting before tomorrow's market open, with earnings consensus, include athenahealth (ATHN), consensus 17c; Allison Transmission (ALSN), consensus 31c; Investors Bancorp (ISBC), consensus 24c; Cepheid (CPHD), consensus (17c); Advanced Micro Devices (AMD), consensus 0c; Associated Banc-Corp (ASBC), consensus 25c; Hub Group (HUBG), consensus 36c; Capital Bank (CBF), consensus 24c; Select Comfort (SCSS), consensus 32c; Acacia Research (ACTG), consensus 4c.
April 4, 2014
16:11 EDTTSRASAC Capital lowers passive stake in Tessera to 4.0% from 6.1%

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