Leading memory chip manufacturer, Micron Technology lost almost 35% of its market value since it reported its Q3 2015 earnings on June 25th. The stock rose marginally in after hours trading yesterday as Micron’s Q4 2015 earnings (reported on October 1st) came in within its guided range and beat Wall Street estimates. Weak macroeconomic conditions and the persisting weakness in PC demand, coupled with Micron’s lagging DRAM and NAND output (or “bit growth”) in comparison to the industry (due to the ongoing technology transitions), has impacted the company’s growth rate in the last few months. While its Q4 2015 earnings were impacted by the continued weakness in the PC sector, Micron believes that the memory industry fundamentals remain favorable over the long term. Depending on how the end market demand plays out, the company will continue to manage product mix and allocate its capacity to maximize its opportunities over time. Micron seems confident that the demand environment will stabilize and improve next year, and expects industry supply and demand for both DRAM and NAND to be relatively balanced in 2016.

from Forbes – Tech http://ift.tt/1PT4sZO
via IFTTT