The Traderszone Network

Published in TZ Latest News 5 October, 2016 by The TZ Newswire Staff

Micron Swings to a Loss, but Beats on Guidance

Semiconductor maker Micron Technology (NASDAQ: MU) reported a net loss for both its fiscal fourth quarter and full-year 2016. But there was a note of hope between the splashes of red ink. For the quarter, the company’s net sales were nearly $3.22 billion, down from $3.6 billion in Q4 2015.