Micron Trading Near Lows Of The Session; Down 13%

Nothing has gone right for Micron Technology

shareholders over the last few months. The stock has now lost 36% over that time period, including a massive 13% drop on Friday after the company's third quarter earnings results. The company posted EPS of $0.07, which compared to Wall Street analysts' consensus estimates of $0.16. Not good. Revenues were down 6.6% year over year to $2.14 billion. This also missed Wall Street consensus estimates of $2.37 billion. It is hard to believe, but at one point in February of 2011, MU was one of the very best performing stocks on the Nasdaq year-to-date. How things have changed. Micron Technology, Inc. is a manufacturer and marketer of semiconductor devices, principally dynamic random access memory (

), Nandi Flash memory (NAND Flash and NOR Flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products.