AMD reports earnings miss of four cents per share on revenues of $1.03B

Advanced Micro Devices reported a loss of nine cents per share on revenues of $1.03 billion for the quarter ending March 15, 2015.

Analysts polled by Yahoo Finance had expected a loss of five cents per share on revenues of $1.05 billion. Just a year ago, AMD’s revenues were $1.4 billion. Revenues for the current quarter represent a drop of 17 percent from the last quarter, and 26 percent from the year-ago quarter.