SAN FRANCISCO (AP) — Advanced Micro Devices Inc. narrowed its third-quarter loss slightly, as the chip maker's remaining stake in factories it spun off last year dragged down the results.
Ignoring the baggage from the spinoff, AMD said Thursday it would have earned more than Wall Street expected, a sign the company is getting better at squeezing profit out of the remaining business.
AMD shares rose 33 cents, or 4.6 percent, to $7.47 in extended trading, after the release of the results.
AMD makes microprocessors, the "brains" of computers, and graphics processors. Its numbers supply fresh evidence that corporate spending is propping up the computer industry as consumer …
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