Advanced Micro Devices (AMD) Reports Better Results

Advanced Micro Devices (NYSE: AMD) announced its Q4 results today. According to the statement released by the company, it has earned $1.65 billion in revenues.

AMD beat market expectations, which had pegged the revenue estimates at $1.49 billion. It posted an EPS of $1.52, however this figure includes $1.57 accrued from the settlement entered into with Intel (NASDAQ: INTC). According to Jim Goldman of CNBC, the market was expecting AMD to report a negative EPS of $0.18. AMD has noted that a major part of EPS during Q4 was derived from the Intel settlement worth $1.2 billion. The company did not provide any guidance, however, it indicated that there may be a seasonal slowdown.