Advanced Micro Devices, Inc. (NYSE:AMD), has witnessed 11% drop in the shares after a weak revenue forecast. It fell down in the early trading after a forecast of steeper than what-was-expected in the quarterly revenue. The overall decline in the shares has prompted at least two brokerages cutting their price targets. Weak sales of PC, high competition from Intel and the net decrease in the revenue collected from the gaming consoles are some of the reasons believed to have caused the weak forecast. Advanced Micro Devices, Inc. (NYSE:AMD) shares after opening at $3.97 moved to $4.01 on last trade day and at the end of the day closed at $3.85. Company price to sales ratio in past twelve months was calculated as 0.55 and price to cash ratio as 2.67. Advanced Micro Devices, Inc. (NYSE:AMD) showed a negative weekly performance of -3.75%.
Tesla Motors Inc (NASDAQ:TSLA) responded to the lemon lawsuit filed by a Wisconsin lawyer on behalf of Robert Montgomery, a customer who bought a Model S for approximately $98,000 including state taxes in March 2013. Tesla Motors Inc (NASDAQ:TSLA) shares fell -5.87% in last trading session and ended the day on $204.19. TSLA return on equity ratio is recorded as -14.60% and its return on assets is -3.90%. Tesla Motors Inc (NASDAQ:TSLA) yearly performance is 368.43%.
BlackBerry Ltd (NASDAQ:BBRY) would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships. BlackBerry Ltd (NASDAQ:BBRY) shares moved down -3.64% in last trading session and was closed at $7.67, while trading in range of $7.63-$8.02. BlackBerry Ltd (NASDAQ:BBRY) year to date performance is 3.09%.
Nokia Corporation (ADR) (NYSE:NOK) announced on Tuesday that it had secured clearance from Chinese competition authorities for the selling off its mobile phone business to Microsoft Corporation (NASDAQ:MSFT). This will allow Nokia to carry on with the deal without having to change its technology patents and practices. This will allow the deal to possibly conclude, later this month. Nokia Corporation (ADR) (NYSE:NOK) weekly performance is 0.26%. On last trading day company shares ended up $7.64. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average is 2.97%. Analysts mean target price for the company is $8.01.
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