Advanced Micro Devices on Tuesday reported a net second-quarter loss of $330 million as the chipmaker offered a muted outlook for the rest of the year.

The $330 million loss, or 49 cents per share, compares favorably to a $1.2 billion loss, or $1.97 per share, in the same period last year. Analysts had forecast a loss of 47 cents per share.

Revenue of $1.18 was flat compared to the first quarter of 2009 and decreased 13 percent compared to the second quarter of 2008.

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