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Advanced Micro reports quarterly profit

Tuesday, 21 Jan 2014 | 4:40 PM ET

Jan 21 (Reuters) - Chipmaker Advanced Micro Devices Inc posted a fourth-quarter profit compared with a year-ago loss, as sales of new gaming consoles offset falling demand for personal computers.

Net profit was $89 million, or 12 cents per share, in the quarter ended Dec. 28, compared with a loss of $473 million, or 63 cents per share a year earlier.

Excluding items, AMD earned 6 cents per share.

Revenue rose 37 percent to $1.59 billion.