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[ Mon, Dec 29th 2008
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[ Mon, Dec 29th 2008
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[ Sun, Dec 28th 2008
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[ Sun, Dec 28th 2008
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[ Fri, Dec 26th 2008
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[ Wed, Dec 24th 2008
] - Market Wire
Schaeffer's Street Stories: Micron Technology Inc. Soars Despite Weaker-Than-Expected Earnings
CINCINNATI--([ BUSINESS WIRE ])--Micron Technology Inc. (NYSE: MU) stepped into the earnings spotlight after the close on Tuesday to reveal a wider quarterly loss than Wall Street had anticipated. Excluding certain items, Micron lost $560 million, or 72 cents per share, compared with the Street estimate for a loss of 43 cents per share. Revenue fell 8.7% to $1.402 billion, but it was better than the average analyst estimate of $1.33 billion.
To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/micron+technology+inc+soars+despite+weaker-than-expected+earnings/observations.aspx?click=home&ID=90066 ]
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