Advanced Micro Devices on Thursday reported a first-quarter loss of $590 million, or 80 cents a share, compared with a profit of $510 million, or 68 cents a share, for the year-earlier period
Revenue was $1.59 billion, down from $1.61 billion
Adjusted profit was 12 cents a share
Analysts were expecting the chip maker to report a profit of 9 cents a share, on revenue of $1.56 billion, according to a consensus survey by FactSet Research
For the current quarter, the company expects revenue to rise sequentially 3% plus or minus 3%, which translates to a range of about $1.59 billion to $1.69 billion
Analysts were expecting revenue of $1.59 billion, according to a survey by FactSet Research
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