Advanced Micro Devices Inc. shares declined in the extended session Thursday even after the chipmaker topped Wall Street estimates for the quarter. AMD shares, which are usually volatile after earnings, fell 6.5% to $13.33 after hours. The company reported third-quarter net income of $71 million, or 7 cents a share, compared with a loss of $406 million, or 50 cents a share, in the year-ago period. Adjusted earnings were 10 cents a share. Revenue rose to $1.64 billion from $1.31 billion in the year-ago period. Analysts surveyed by FactSet had estimated 8 cents a share on revenue of $1.51 billion. For the fourth quarter, AMD estimates revenue to decline 12% to 18% sequentially, which works out to $1.34 billion to $1.44 billion. Analysts, on average, expect revenue of $1.34 billion.
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