Stocks To Watch: Advanced Micro Devices, Inc. (NASDAQ:AMD), Luminex Corporation (NASDAQ:LMNX), Tenet Healthcare Corp (NYSE:THC) and Cognex Corporation (NASDAQ:CGNX)

Stocks To Watch: Advanced Micro Devices, Inc. (NASDAQ:AMD), Luminex Corporation (NASDAQ:LMNX), Tenet Healthcare Corp (NYSE:THC) and Cognex Corporation (NASDAQ:CGNX)

0
1468

Advanced Micro Devices, Inc. (NASDAQ:AMD), Luminex Corporation (NASDAQ:LMNX), Tenet Healthcare Corp (NYSE:THC) and Cognex Corporation (NASDAQ:CGNX) shares should be watched on Tuesday for intra-day trading.

  • Advanced Micro Devices, Inc. (NASDAQ:AMD) shares have dropped 11.16 percent in extended hours trading on Monday after the company reported in-line results. The company suffered a loss per share of four cents in the first quarter, which is in line with the expectations. Similarly, its revenue of $984 million, which grew 18 percent from the previous year period, came is slightly short of estimates of $984.38 million. Going forward, the company guided second quarter revenue to grow about 17 percent sequentially with plus or minus three percent. The mid-point translates into a year-over-year growth prospects of about 12 percent, which is better than the analysts’ estimate of 9.3 percent.
  • Luminex Corporation (NASDAQ:LMNX) reported earnings of 28 cents a share in the first quarter that came in 12 cents above the estimates of 16 cents. Similarly, its revenue jumped 23.5 percent to $77.8 million and exceeded the expectations of $74.19 million. Going forward, the company sees revenue of $74 – $76 million for the second quarter and lifted its annual revenue outlook to $300 – $310 million from $295 – $305 million projected earlier. Following the upbeat outlook and results, the stock jumped 16.22 percent in after-hours trading on Monday.
  • Tenet Healthcare Corp (NYSE:THC) delivered a loss per share of 27 cents in the first quarter, which is narrower than the loss per share of 51 cents estimated by analysts. However, its revenue of $4.81 billion, which fell 4.6 percent from the year-ago period, fell short of expectations of $4.84 billion though modestly. Looking ahead, the company expects adjusted EPS of $1.05 – $1.30 for 2017 while analysts are looking for an EPS of $1.16. Following this, the stock jumped 13.68 percent in extended hours trading on Monday.
  • Cognex Corporation (NASDAQ:CGNX) reported earnings of 42 cents a share for the first quarter beating expectations of 29 cents. Its revenue, which jumped 40.3 percent from the year-ago period, also exceeded estimates by $10.25 million. Going forward, the company sees revenue of $165 – $170 million for the second quarter, which fell short of expectations of $171.8 million. As a result, the stock fell 1.32 percent in after-hours trading on Monday.