Jefferies Positive on Micron Technology (MU) as Wafer Prices Stabilize

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Go back to Jefferies Positive on Micron Technology (MU) as Wafer Prices Stabilize

Worst Is Behind, Buy Micron (MU) On Weakness - Analyst

December 21, 2012 8:25 AM EST

Yesterday, Micron Technology, Inc. (NASDAQ: MU) reported Q1 EPS of ($0.27), $0.08 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $1.88 million versus the consensus estimate of $2.02 million.

Commenting on the developments, analyst Betsy Van Hees of Wedbush said, "Micron... More