Jamie McKane
MyBroadband Journalist
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- Mar 2, 2016
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Micron forecast raises concern over memory chip demand
Micron Technology Inc., the largest U.S. maker of memory chips, gave a revenue forecast that fell short of analysts’ estimates, adding to concern that a two-year surge in demand for its products is fading. The stock fell about 7 percent in extended trading.
Sales will range from $7.9 billion to $8.3 billion in the current quarter, the Boise, Idaho-based company said. Analysts predicted, on average, $8.45 billion, according to data compiled by Bloomberg.
[Bloomberg]
Micron Technology Inc., the largest U.S. maker of memory chips, gave a revenue forecast that fell short of analysts’ estimates, adding to concern that a two-year surge in demand for its products is fading. The stock fell about 7 percent in extended trading.
Sales will range from $7.9 billion to $8.3 billion in the current quarter, the Boise, Idaho-based company said. Analysts predicted, on average, $8.45 billion, according to data compiled by Bloomberg.
[Bloomberg]