Micron Technology Reports Disappointing Second Quarter Results
@Just Do It:
Micron Technology, a leading semiconductor company, recently announced its financial results for the second quarter of fiscal year 2023 ending on March 2nd. The report revealed that the company's revenue for the quarter was $3.693 billion, a 9.6% decrease from the previous quarter's $4.085 billion and a significant 52.6% decline from the same period last year when the revenue was $7.786 billion. The net loss for the quarter was $2.312 billion, a sharp contrast from the previous quarter's net loss of $195 million and last year's net profit of $2.263 billion. Micron's diluted loss per share was $2.12, compared to the previous quarter's loss per share of $0.18 and last year's earnings per share of $2.00. Operating expenses for the quarter were $1.097 billion, a 0.5% decrease from the previous