Image source: Micron Technology.
Memory chip manufacturer Micron Technology (NASDAQ: MU) reported its third quarterly loss in row on Oct. 4. The company managed to produce a non-GAAP profit for the full fiscal year, which ended Sept. 1, but just barely. Fiscal 2016 revenue tumbled 23%, driven down by weak memory chip prices. Management does expect industry conditions to improve going forward, but its guidance provided more questions than answers.