AMD -7.4% as in-line Q1 fails to wow investors

AMD is 7.4% lower postmarket after merely tagging up with Street consensus with its Q1 revenues and profit, though it's guiding for sequential improvement in sales.

Net operating loss declined to 229M from a year-ago loss of 68M; net loss overall narrowed to 773M from a year-ago loss of 109M. On a non-GAAP basis, operating loss fell to 6M from 55M, and net loss to 38M from 96M.
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