After the market close, (AMD) reported earning. It blew past the estimate. In constrast to (INTC), it is making inroads to (INTC) market share.
The company earned $96 million, or 21 cents a share, on sales of $1.84 billion in its fourth fiscal quarter. This result includes a noncash charge associated the spinoff of flash memory company Spansion. Excluding the charge, AMD earned $205 million, or 45 cents a share. Analysts polled by Thomson First Call had expected the company to earn 26 cents a share on $1.66 billion in sales.
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