Mizuho Securities Downgrades, Cuts Price Target Following Micron Technology (MU) 3Q EPS Miss
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Micron Technology, Inc., Reports Results for the Third Quarter of Fiscal 2015
June 25, 2015 4:04 PM EDTBOISE, Idaho, June 25, 2015 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (Nasdaq: MU) today announced results of operations for its third quarter of fiscal 2015, which ended June 4, 2015. Revenues for the third quarter of fiscal 2015 were $3.85 billion and were 8 percent lower compared to the second quarter of fiscal 2015 and 3 percent lower compared to the third quarter of fiscal 2014. Cash flows from operations were $1.34 billion for the third quarter of fiscal 2015.
"In the fiscal third quarter, Micron experienced market headwinds driven primarily by weakness in the PC sector," stated D. Mark Durcan, Chief Executive... More
