Micron's Stock Tumbles as Its Outlook Disappoints

Micron Technology (MU) issued a revenue outlook that came in below analysts’ expectations, sending shares lower in extended trading Wednesday.  The memory chip maker and Nvidia (NVDA) partner projected fiscal second-quarter revenue of $7.9 billion, give or take $200 million, below the analyst consensus of $8.93 billion compiled by Visible Alpha. The company's forecast for diluted earnings per share (EPS) of between $1.16 to $1.36 was also below estimates.  “While consumer-oriented markets are weaker in the ...