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AMD posts higher than expected Q4 revenue

Posted: 01.23.13
AMD posted fourth-quarter revenue of $1.16 billion, compared to $1.69 billion in the year-ago quarter. Analysts had expected $1.149 billion in revenue for the December quarter and $1.108 billion in revenue for the current quarter. AMD had a net loss of $473 million compared to a net loss of $177 million in the same quarter the year before.Shares of AMD rose 2.04 percent in extended trading.