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Intel earnings: Could have been worse!

Shares of Intel are up after the struggling American semiconductor giant posted a not-as-awful-as-expected loss of $126 million in the fourth quarter, on better-than-expected sales of $14.26 billion.

Sure, the company that jettisoned its CEO in December issued guidance that was a bit weak. But traders cheered the numbers, pushing the shares up by nearly 4% in the after-hours session.

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