SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis
SOXX 296.74+1.8%Nov 28 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Return to Sender who wrote (85479)8/13/2020 6:17:46 PM
From: Sun Tzu1 Recommendation

Recommended By
Return to Sender

  Read Replies (1) of 95487
 
Micron forecasts weaker FQ1 revenue; Western Digital shares fall
Aug. 13, 2020 2:24 PM ET|About: Micron Technology, Inc. (MU)|By: Brandy Betz, SA News Editor

During a Keybanc-hosted fireside chat, Micron (NASDAQ: MU) CFO David Zinsner says fiscal Q1 revenue will likely come in below the company's $5.4-5.6B guidance. Consensus estimates saw $5.82B in revenue.

Micron also expects FQ4 to be more "back-end loaded."

Micron shares are down 4.8% to $46.15. Peer Western Digital (NASDAQ: WDC) is down 2.8% to $35.76.

Earlier today, Deutsche Bank downgraded Micron to Hold, citing checks that showed a tough supply-demand balance for memory in the coming quarters.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News