Today's Early Winners and Losers
Shares of Advanced Micro Devices (AMD) surged after the bell Thursday on news that Dell (DELL) plans to include the AMD Opteron processor in its servers by the end of the year. The AMD chips will be in addition to Dell servers running Intel (INTC) chips. Shares of the Sunnyvale, Calif.-based chipmaker gained $4.07, or 13%, to $35.42 in late trading. Intel shares, meanwhile, dropped 88 cents, or 4.7%, to $17.77 after hours.
In addition to the AMD news, Dell reported first-quarter earnings of $762 million, or 33 cents a share, down from $934 million, or 37 cents a share, a year earlier. Sales were up 6% year over year, at $14.2 billion. The results were in line with Dell's lowered projections given earlier this month. The computer maker said it expects second-quarter results to be similar to those of the first quarter. Analysts polled by Thomson First Call had forecast second-quarter earnings of 34 cents a share on revenue of $14.34 billion, suggesting Dell's guidance is slightly below current estimates. Still, shares advanced 85 cents, or 3.6%, to $24.80 after hours.
Red Robin Gourmet Burgers (RRGB) retreated after the restaurant chain gave disappointing earnings guidance. For the first quarter, the company reported earnings of $7.4 million, or 44 cents a share, down from $8 million, or 48 cents a share, a year ago. Revenue increased 21% to $170.5 million from $141.2 million. Company-owned same-restaurant sales increased 4.8%. Analysts were looking for earnings of 44 cents a share on revenue of $169.7 million.
Red Robin expects second-quarter earnings of 37 cents to 40 cents a share, with revenue of $134 million to $135 million. Analysts predict second-quarter earnings of 43 cents a share and a top line of $136.4 million. For the full year, Red Robin predicted earnings of $1.70 and $1.78 a share, slightly down from its February guidance of $1.72 to $1.82. The company sees revenue of $590 million to $597 million. Wall Street anticipates earnings of $1.78 a share and revenue of $596.1 million. Shares fell $2.70, or 6.14%, to $41.30 recently.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV