Advanced Micro Devices Inc. shares dropped in the extended session Tuesday after the chip maker’s forecast revenue range for the first quarter mostly fell below the Wall Street consensus. AMD shares declined 6.7% to $1.82. The company estimated first-quarter revenue would decline 14%, plus or minus 3 percentage points, from the year-ago quarter. That translates into $885.8 million, or $854.9 million at the low end and $916.7 million at the high end. Analysts had forecast revenue of $898.5 million. AMD reported an adjusted fourth-quarter loss of 10 cents a share on revenue of $958 million. Analysts had estimated a loss of 10 cents a share on revenue of $954.7 million.
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