AMD Guidance Shorts. The arrow goes down.

The semiconductor company reported first-quarter adjusted earnings per share of 60 cents, compared to a consensus of 56 cents among analysts surveyed by FactSet. Revenue came in at $5.4 billion, above analyst expectations of $5.3 billion.

For the current quarter, AMD (stock ticker: AMD) expected revenue between $5 billion and $5.6 billion, a range whose midpoint was just below the consensus forecast of $5.5 billion.

“We performed very well in the first quarter delivering better-than-expected revenue and earnings in a mixed demand environment,” AMD CEO Dr. Lisa Su said in the press release.

AMD shares fell 3.6 percent to $86.72 in late trading.

Revenue for the chipmaker’s data center unit was roughly flat year-over-year in the March quarter, while revenue in its consumer PC business was down 65% year-over-year. AMD’s gaming business fell 6% in the same period.

The demand for computers has been declining in recent quarters. Last month, research firm IDC said global shipments of personal computers fell 29% in the March quarter from a year earlier. This follows a 28% decline from a year earlier in the December quarter and a 15% decline in the September quarter.

Write to Tae Kim at [email protected]