Advanced Micro Devices met its reduced expectations for earnings and revenues in the fourth quarter, despite fears that it could be bad news.
The Santa Clara, California-based maker of PC processors and graphics chips said revenue was up 6 percent from a year ago to $1.42 billion, slightly off from expectations, while earnings per share were 8 cents, about flat compared to a year ago. In after-hours trading, AMD’s stock price was up 3.5 percent.

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