Micron Forecasts Weaker Quarterly Revenue

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Micron forecasts weaker FQ1 revenue; Western Digital shares fall

During a Keybanc-hosted fireside chat, Micron CFO David Zinsner says fiscal quarterly revenue will likely come in below the company’s $5.4-5.6 billion guidance. Consensus estimates saw $5.82B in revenue.

Micron shares are down 4.8% to $46.15. Peer Western Digital is down 2.8% to $35.76.