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Stock impact report

Micron says memory chip recovery is coming later in the year, sending shares higher [CNBC]

Intel Corporation (INTC) 
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Company Research Source: CNBC
Micron says memory chip recovery is coming later in the year, sending shares higher show chapters Micron beats second quarter revenue expectations 15 Hours Ago | 00:53 U.S. chipmaker Micron Technology Micron makes NAND storage chips that are used in phones and internet servers as well as DRAM chips that help computer processors communicate with those storage chips. The company beat revenue expectations for the fiscal second quarter ended Feb. 28. Although it gave a forecast for its fiscal third quarter that was below Wall Street's expectations, Micron said demand is likely to begin growing again by its fourth quarter. The results come against the backdrop of a glut in the global semiconductor industry triggered by waning demand for smartphones and spotty purchasing patterns by cloud-computing vendors, which hurt chipmakers such as Intel Corp earlier this year. Meantime, Kai Pfaffenbach | Reuters For its fiscal second quarter, Micron generated nearly $1 billion in free cash flow and Show less Read more
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