Market Overview

UPDATE: Micron Posts Wider FQ4 Loss

Related MU
3 Semiconductor ETFs That Continue To Shine
Fast Money Halftime Report Final Trade From September 16
Good Time to Buy Micron Technology, Cummins? (Fox Business)

Micron Technology (NASDAQ: MU) reported a wider fiscal fourth-quarter loss.

Micron posted a quarterly loss of $243 million, or $0.24 per share, versus a year-ago loss of $135 million, or $0.14 per share.

Its revenue dropped to $1.96 billion, from $2.14 billion. However, analysts were projecting a loss of $0.23 per share on revenue of $2.12 billion.

For the full fiscal year, Micron posted a loss of $1.03 billion, or $1.04 per share, versus a year-ago profit of $167 million, or $0.17 per share. Its revenue declined to $8.23 billion from $8.79 billion.

Micron shares gained 0.25% to $6.03 in after-hours trading.

Posted-In: lossEarnings News

 

Related Articles (MU)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters