Micron Falls 2% in Wake of Q2 Earnings

Micron Technology

released its fiscal Q2 earnings after the closing bell on Thursday. The company reported a net loss of $224 million, or $0.23 per share, versus net income of $72 million or $0.07 per share, in the year ago quarter. Net sales at Micron fell to $2.07 billion versus $2.26 billion a year ago. Going into the report, Wall Street analysts had consensus EPS estimates calling for a loss of $0.19 on revenues of $2.02 billion. In Thursday's after hours trading session, MU shares have lost 2.53% to $8.49.