Cowen Says to Buy Micron (MU) on Today's Weakness; Sees Cost Execution Finally Improving
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Micron Technology, Inc., Reports Results for the Third Quarter of Fiscal 2016
June 30, 2016 4:07 PM EDTBOISE, Idaho, June 30, 2016 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (NASDAQ: MU) today announced results of operations for its third quarter of fiscal 2016, which ended June 2, 2016. Revenues for the third quarter of fiscal 2016 were $2.90 billion and were slightly lower compared to the second quarter of fiscal 2016 and 25 percent lower compared to the third quarter of fiscal 2015. Cash flows from operations were $389 million for the third quarter of fiscal 2016.
GAAP Income and Per Share Data On a GAAP(1) basis, net loss attributable to Micron shareholders for the third quarter of fiscal 2016 was $215... More
