Chipmaker AMD's Revenue Falls for Fifth Quarter in a Row

Technology Reuters


Chipmaker Advanced Micro Devices Inc's revenue fell for the fifth straight quarter due to continued weak demand from PC makers for its processors.

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The company posted a net loss of $197 million, or 25 cents per share, in the third quarter ended Sept. 26, compared with net income of $17 million, or 2 cents per share, a year earlier.

Revenue fell 25.8 percent to $1.06 billion.

(Reporting by Sai Sachin R and Anya George Tharakan in Bengaluru; Editing by Sriraj Kalluvila)