Micron Technology Q1 Mixed, Q2 Guidance Light

By | January 7, 2015

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Micron Technology (MU) late Tuesday reported fiscal Q1 earnings that beat Wall Street expectations, but its Q1 revenue missed and Q2 guidance was light, sending the stock down Wednesday. The Boise, Idaho-based memory-chip maker reported earnings of 97 cents per share excluding items for the quarter ended Dec. 4, up 26% from the year-earlier quarter. Revenue rose 13% to $4.57 billion. Analysts polled by Thomson Reuters had expected EPS ex items of Scalper1 News

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