Advanced Micro Devices Inc. shares fell in the extended session Tuesday even after the chip maker’s quarterly results and outlook topped Wall Street views. AMD shares dropped 5% to $12.25 after hours, and were up 25% year to date at Tuesday’s close. The company reported fourth-quarter net income of $61 million, or 6 cents a share, compared with a loss of $51 million, or 6 cents a share, in the year-ago period. Adjusted earnings were 8 cents a share. Revenue rose to $1.48 billion from $1.11 billion in the year-ago period. Analysts surveyed by FactSet had estimated 5 cents a share on revenue of $1.41 billion. For the first quarter, AMD estimates revenue of $1.5 billion to $1.6 billion. Analysts expect revenue of $1.25 billion.
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