offline
Micron quarterly sales come up short of analyst expectations
Micron Technology Inc. MU, -0.07% reported quarterly sales Tuesday afternoon that failed to meet expectations that were already diminished by a slowdown in the memory-chip business. Shares dropped about 1% in after-hours trading immediately following the report. Micron reported profit of $3.29 billion, or $2.81 a share, on revenue of $7.91 billion, up from $6.8 billion a year ago. After adjustments for stock compensation and other effects, the chip maker reported earnings of $2.97 a share, up from $2.45 a share a year ago. Analysts on average had expected adjusted earnings of $2.95 a share on revenue of $8 billion.
...
https://www.marketwatch.com/story/micron...2018-12-18
![[Bild: MUc1dl1630.png]](https://finviz.com/publish/121818/MUc1dl1630.png)
Micron Technology Inc. MU, -0.07% reported quarterly sales Tuesday afternoon that failed to meet expectations that were already diminished by a slowdown in the memory-chip business. Shares dropped about 1% in after-hours trading immediately following the report. Micron reported profit of $3.29 billion, or $2.81 a share, on revenue of $7.91 billion, up from $6.8 billion a year ago. After adjustments for stock compensation and other effects, the chip maker reported earnings of $2.97 a share, up from $2.45 a share a year ago. Analysts on average had expected adjusted earnings of $2.95 a share on revenue of $8 billion.
...
https://www.marketwatch.com/story/micron...2018-12-18
