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AMD (AMD) reported its fourth quarter earnings on Tuesday, beating expectations on the top and bottom line, and providing a better than anticipated Q1 outlook.
Despite the beat, shares fell on the news.
AMD reported earnings per share (EPS) of $1.53 on revenue of $10.3 billion. Wall Street was expecting EPS of $1.32 on revenue of $9.6 billion, according to Bloomberg analyst consensus estimates. The company saw revenue of $7.7 billion in the same quarter last year.