Micron Know-how Inc. (NASDAQ: MU) slipped to a loss within the second quarter of 2023 from a revenue final 12 months, harm by a pointy fall in revenues.
The chipmaker reported a lack of $1.91 per share for the February quarter, on an adjusted foundation, marking a deterioration from the prior-year interval when it earned $2.14 per share. On an unadjusted foundation, the second-quarter web loss was $2.31 billion or $2.12 per share, in comparison with a web earnings of $2.26 billion or $2.00 per share within the prior-year quarter.
The weak backside line efficiency displays a 53% fall in web revenues to $3.69 billion. All the principle working segments contracted in the course of the three-month interval.