Cowen Cuts PT on Micron (MU) to $13; Says 'Huge' Upside Catalyst Hard to See at This Point

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Go back to Cowen Cuts PT on Micron (MU) to $13; Says 'Huge' Upside Catalyst Hard to See at This Point

Micron Technology, Inc., Reports Results for the Second Quarter of Fiscal 2016

March 30, 2016 4:06 PM EDT

BOISE, Idaho, March 30, 2016 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (NASDAQ: MU) today announced results of operations for its second quarter of fiscal 2016, which ended March 3, 2016. Revenues for the second quarter of fiscal 2016 were $2.93 billion and were 12 percent lower compared to the first quarter of fiscal 2016 and 30 percent lower compared to the second quarter of fiscal 2015. Cash flows from operations were $763 million for the second quarter of fiscal 2016.

GAAP Income and Per Share Data On a GAAP(1) basis, net loss attributable to Micron shareholders for the second quarter of fiscal 2016 was... More