AMD, SanDisk shares gain after hours
LOS ANGELES (MarketWatch) -- Shares of
Late-traded AMD shares (AMD) were up 2.8% at $4.34. They ended the regular session down 13%, with some analysts cutting their ratings and estimates on the company after lower-than-expected second-quarter results and a downbeat third-quarter sales forecast. AMD cited the slumping PC market as well as sales issues in China for the shortfall. An earlier look at AMD downgrades.
Among the figures released by AMD late Thursday, second-quarter adjusted earnings of 6 cents a share missed the FactSet consensus estimate by 1 cent a share, and third-quarter sales are expected to fall 11% from the second quarter. Previous story about AMD's results.
Elsewhere, late-traded shares of
In dayside trading, U.S. stocks fell for the first session in four, with rekindled worries about Europe triggering a selloff. The Dow Jones Industrial Average (DJIA) fell 121 points, or 0.9%, to 12,822.57 and the Nasdaq Composite Index (COMP) closed 1.4% lower. Each index lost their July gains. The S&P 500 Index (SPX) slumped 1% to 1,362.66.