AMD posts better than anticpated Q4 earnings and Q1 outlook, but stock falls

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.