Micron tempers fourth-quarter revenue forecast

Micron Technology's solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis/File Photo

Aug 9 (Reuters) – Memory chipmaker Micron Technology (MU.O) said on Tuesday that its fourth-quarter revenue may come in at or below the low end of the forecast range provided on its June 30 earnings call.

Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million. [nL4N2YH3MA ]

Shares of the company fell over 3% in trading before the bell.

Reporting by Chavi Mehta in Bengaluru; Editing by Anil D'Silva

Our Standards: The Thomson Reuters Trust Principles.

Source:www.reuters.com

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