Micron’s Earnings, Sales To Plunge During ‘Choppy’ Q1

By | December 19, 2015

Scalper1 News

A Deutsche Bank analyst’s October prediction that Micron Technology (MU) will face two “choppy” quarters may come to fruition — the No. 5 chipmaker is expected late Tuesday to report a 75% year-over-year drop in earnings. Analyst Sidney Ho, however, said Micron could be helped by cost tailwinds and potential capital expenditure cuts by competing memory suppliers. Micron stock is down 60% for the year. For its fiscal Q1 ended early this month, Scalper1 News

Scalper1 News