AMD Q1 Non-GAAP Earnings, Revenue Increase; Q2 Revenue Outlook; Shares Drop After Hours

AMD (AMD) reported Q1 non-GAAP earnings Tuesday of $0.62 per diluted share, up from $0.60 a year earlier.

Analysts surveyed by Capital IQ expected $0.61.

Revenue in the quarter ended March 30 rose to $5.47 billion from $5.35 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.45 billion.

The company expects Q2 revenue of $5.7 billion, plus or minus $300 million. Analysts surveyed by Capital IQ project $5.69 billion.

AMD shares fell 2.9% in recent after-hours activity.

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