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AMD quarterly revenue slumps 19.2 percent

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Reuters

(Reuters) - Chipmaker Advanced Micro Devices Inc reported a 19.2 percent fall in quarterly revenue, hurt by lower sales of processors used in personal computers and weak demand in China.

Net loss narrowed to $109 million, or 14 cents per share, in the first quarter ended March 26, from $180 million, or 23 cents per share, a year ago.

Revenue fell to $832 million from $1.03 billion, a year earlier.

(Reporting by Kshitiz Goliya and Rishika Sadam in Bengaluru; Editing by Savio D'Souza)

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First Published: Apr 22 2016 | 2:00 AM IST

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