Advanced Micro Devices
(AMD - Get Report)
surged after the bell Thursday on news that
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
(INTC - Get Report)
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 - Get Report)
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.