AMD’s Q4 earnings of $87 million didn’t crater as feared

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.