What's Going On With Micron?

Micron on Tuesday reported quarterly losses of $1.91 per share which missed the analyst consensus estimate of a loss of 81 cents.

The company also reported quarterly sales of $3.69 billion which missed the analyst consensus estimate of $3.72 billion by roughly 1%. This sales figure represents a 52.6% decrease over sales of $7.79 billion in the same period last year.

"Micron delivered fiscal second-quarter revenue within our guidance range in a challenging market environment. Customer inventories are getting better, and we expect gradual improvements to the industry's supply-demand balance," said Sanjay Mehrotra, president and CEO of Micron...Read More

According to data from Benzinga Pro, Qualcomm Inc has a 52-week high of $160.27 and a 52-week low of $101.93.