Is This the Turning Point For Micron?

24/7 Wall St.

micro chipMicron Technology, Inc. (NASDAQ: MU) reported its fiscal third-quarter financial results Thursday after the markets closed. The tech giant had $0.54 in earnings per share (EPS) on $3.85 billion in revenue compared to Thomson Reuters consensus estimates of $0.56 in EPS on $3.90 billion in revenue. The same period from last year had $0.79 in EPS on $3.98 billion in revenue.

Despite the miss on earnings, investors aren’t taking it too hard. Part of the reason is that Micron has had a weak year so far with the stock down 31% year to date. Investors might find themselves asking if it really can get any worse from here or if this is a good buying opportunity.

The company is a global leader in advanced semiconductor systems. Micron’s broad portfolio of high-performance memory technologies, including DRAM, NAND and NOR flash, is the basis for solid state drives, modules, multichip packages and other system…

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Is This the Turning Point For Micron?

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