Roth Capital Cuts Price Target on Micron Technology (MU) Following 3Q15 Results

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Go back to Roth Capital Cuts Price Target on Micron Technology (MU) Following 3Q15 Results

Micron Technology, Inc., Reports Results for the Third Quarter of Fiscal 2015

June 25, 2015 4:04 PM EDT

BOISE, 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