Micron sales dive nearly 50%, and decline is expected to get worse as layoffs planned
Micron Technology Inc.’s revenue dropped 47% in its fiscal first quarter, and management projected that the decline would worsen to more than 50% in the second quarter as layoffs are planned. Micron MU, +1.01% reported a loss of $195 million, or 18 cents a share, versus net income of $2.31 billion, or $2.04 a share, … Read more