Micron EPS, Sales Beat Street, But Guidance Light

By | April 1, 2015

Scalper1 News

Micron Technology (MU) late Wednesday posted a slight increase in revenue and a dip in earnings, but both metrics beat Wall Street expectations. Shares initially rose more than 5.5% in after-hours trading, but erased those gains amid a sluggish sales forecast for the current quarter The Boise, Idaho-based memory chipmaker reported earnings per share excluding items of 81 cents for the fiscal second quarter ended March 5, down 4.7% from the Scalper1 News

Scalper1 News