Micron Technology shares are modestly higher in late trading Tuesday after the memory chip company posted financial results for its fiscal second quarter ended March 2 that were about in line with expectations, as a weak market for PCs and smartphones continued to weigh on the company’s results. Micron also said that as part of its cost-reduction program, it will reduce staff by about 15%—up from a previous plan to cut heads by 10%.
But there are some promising signs for the memory chip maker.
Source: finance.yahoo.com
Related posts:
Shale Mogul Daniel Rice, 41, to Reap $975 Million From BP Deal
Can You Guess Which State Requires The Lowest Income To Join The Top 1%? You May Be Surprised At How...
US mortgage lenders are starting to go bankrupt — how this one factor could be triggering the worst ...
In-N-Out raises California prices of Double-Double after minimum wage law
1 Electric Vehicle (EV) Stock to Buy Hand Over Fist in 2024 and 2 to Avoid