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(RTTNews.com) - Shares of Advanced Micro Devices Inc. (AMD) tanked 9 percent in extended trade on Thursday, after the chip maker reported a first-quarter loss that widened on lower sales. The loss and revenues for the quarter also missed Wall Street estimates. Looking ahead, the company detailed some weak sales outlook for the second quarter. (Update: at 10pm ET stock was down 11%.)

Sunnyvale, California-based AMD's first-quarter loss widened to $180 million or $0.23 per share from last year's loss of $20 million or $0.03 per share.

Excluding items, adjusted loss for the quarter was $73 million or $0.09 per share, compared to adjusted earnings of $35 million or $0.05 per share a year ago. On average, 15 analysts polled by Thomson Reuters expected a loss of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.

AMD's revenues for the first quarter fell 26 percent to $1.03 billion from $1.40 billion a year ago. Twenty-two analysts had a consensus revenue estimate of $1.05 billion for the quarter. Read more here