Micron Technology Inc, (NASDAQ: MU) plunged about 3.15% by afternoon trade. Across-the-board sell-off in U.S. equities on Thursday could be the only reason why Micron shares are sliding. The Company handed better-than-expected fiscal third quarter results on Wednesday. For the quarter, the company reported adjusted earnings of 4 cents a share on revenue of $2.32 billion while analysts’ consensus estimate was for earnings of 2 cents a share on revenue of $2.25 billion. On Thursday, at least five brokerage firms lifted their price target on Micron Technology’s shares. Continue reading Major Movers on June 20; MU, NOK, MSFT, GME, RAD, FNSR, WMGI
Tag: FNSR
Finisar Corp Provides Upbeat Q1 Earnings Guidance, Shares Rally in Afterhours (FNSR)
Finisar Corporation (NASDAQ: FNSR) said late last evening that its fiscal fourth-quarter net income slumped 78% as acquisitions related write-downs and charges offset the communication solution provider’s improved revenue growth and higher margin.
Finisar Q4 Outlook In-Line With Street’s Forecast (FNSR)
Telecommunications-equipments and solutions provider, Finisar Corporation (NASDAQ: FNSR) reported late last evening that it swung into a loss in its fiscal third quarter bottom line felt the pinch due to dip in revenue and higher expenses.
Continue reading Finisar Q4 Outlook In-Line With Street’s Forecast (FNSR)