Micron shares very volatile after earnings
Micron shares were slammed after the chipmaker posted a loss of $1.91 per share, much wider that the 66 cents loss anticipated by the market.
Revenue also fell short of expectations at $3.69 billion, down about 53% on the same quarter a year ago. Then came the fightback on the outlook with Micron's President and CEO, Sanjay Mehrotra, telling analysts he was confident about the long-term. He expects the memory chip industry to hit a record in terms of market size in 2025.
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