AMD Misses Q1 Expectations, Shares Tumble

April 16, 2015 9:05 PM

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Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) dipped 8 percent in after-hours trading after the company reported downbeat results for the first quarter.

The Sunnyvale, California-based company posted a quarterly net loss of $180 million, or $0.23 per share, versus a year-ago loss of $20 million, or $0.03 per share. Excluding one-time items, the company lost $0.09 per share.

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