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June 26, 2015

Shares slump for Micron Technology

BOISE, Idaho (AP) — Shares of Micron Technology slumped in aftermarket trading Thursday after the chipmaker said the weak PC market hurt its business in its fiscal third quarter.

The company said prices for dynamic random-access memory, or DRAM, fell compared to the previous three months. Compared to a year ago its net income fell by almost half, dropping to $491 million, or 42 cents per share. The Boise, Idaho-based company said it earned 54 cents per share if one-time items are excluded. Its revenue fell 3 percent to $3.85 billion.


 
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