Micron Plunges On Q1 Miss, Forecasts Q2 Losses

By | December 23, 2015

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Micron Technology (MU) stock fell late Tuesday after the No. 5 chipmaker reported fiscal Q1 sales and earnings that missed Wall Street expectations and guided to fiscal Q2 losses for the first time since February 2013. In after-hours trading, Micron stock was down 5.5% to 14.61 after closing down 1.1% in Tuesday’s regular session. Shares are down 58% for the year and on Dec. 14 came within one penny of touching a 27-month low after the company Scalper1 News

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