Wall Street Mixed on Micron (MU) after Q4, Better NAND Offset by Weak DRAM
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Micron (MU) Misses Q4 Views as Flash Memory Sales Slump; Looks for More Cost Cuts into FY13
September 27, 2012 4:20 PM EDTShares of Micron Technology (Nasdaq: MU) are trading lower in the after-hours session amid worse-than-expected results for its fiscal fourth-quarter report.
Sales in the quarter fell 8.3 percent to $1.96 billion, versus the consensus of $2.13 billion.
The Company also widened its net loss... More
Micron Technology, Inc. (MU) Misses Q4 EPS by 2c
September 27, 2012 4:03 PM EDTMicron Technology, Inc. (NASDAQ: MU) reported Q4 EPS of ($0.24), $0.02 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $2.13 billion.
The Estimize consensus was $-0.26 and $2.09 billion, respectively.
For earnings history and earnings-related data on Micron Technology, Inc. (MU) click here.... More
