AMD Shares Move Lower

From Standard & Poor's Equity ResearchAdvanced Micro Devices (AMD

) shares were lower Thursday after the company posted 38 cents first quarter EPS vs. a 4-cent loss on a 71% sales rise (excluding the company's Memory Products business.) It sees second quarter sales flat to slightly down from the first quarter's $1.33 billion.

General Electric (GE

) posts 41 cents vs. 37 cents first quarter earnings per share (EPS) on a 10% revenue rise.

Tribune Co.(TRB

) posts 33 cents vs. 44 cents first quarter EPS on a 1.3% revenue drop.

Consolidated Graphics (CGX

) initiates a formal process to explore strategic alternatives to enhance shareholder value, including the potential sale or other change of control transaction.

New York Times (NYT

) posts 24 cents vs. 76 cents first quarter EPS as higher costs offset a 3.3% revenue rise.

Mcdonald's (MCD

) posts 5.3% higher March global same-store sales and 3.3% higher systemwide sales. It sees 49 cents first quarter EPS.

Universal Technical Institute (UTI

) sees $88 million to $89 million second quarter revenue and 9.5% to 10.0% net income margin, excluding equity-based compensation expense. It sees lower-than-expected 11% to 13% fiscal year 2006 revenue growth and net income margin of 9% to 10%.

4 Kids Entertainment (KDE

) says Chief Operating Officer Steven M. Grossman has stepped down.

New York & Co (NWY

) sees April same-store sales up 1% to 6%, and first quarter same-store sales down a wider-than-expected 8.2% to 9.5%. It cuts its 20 cents to 23 cents first quarter EPS forecast to between 9 cents and 13 cents.

Pfizer (PFE

) is to acquire exclusive worldwide rights to fesoterodine, a new drug candidate for treatment for overactive bladder, from Schwarz Pharma AG for an initial payment of $100 million.

Lam Research (LRCX

) posts better-than-expected 65 cents third quarter EPS from ongoing ops vs. 55 cents EPS in the second quarter on a 22% sequential revenue rise.

Taylor Devices (TAYD

) posts 3 cents second quarter earnings per share (EPS) vs. a penny loss on a sharp sales rise. Spokesman Artie Regan says Taylor Devices' decline is possibly tied to a boutique firm "pump and dump". The stock typically trades in the $3.50 to $5 range, maybe pumped prior to earnings.

Cascade (CAE

) posts lower-than-expected 63 cents vs. 39 cents fourth quarter EPS on a 4.8% revenue rise. It notes margins were negatively impacted by higher material costs and increased sales of lower margin OEM products.