Micron Technology Q4 Profit Declines 65%

(RTTNews) - Micron Technology (MU) revealed earnings for fourth quarter that fell from last year.

The company said its bottom line dropped to $0.40 billion, or $0.37 per share. This was down from $1.15 billion, or $0.96 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 14.9% to $3.60 billion. This was down from $4.23 billion last year.

Micron Technology earnings at a glance:

-Earnings (Q4): $0.40 Bln. vs. $1.15 Bln. last year.
-Earnings Decline (Y-o-Y): -65.2%
-EPS (Q4): $0.37 vs. $0.96 last year.
-EPS Decline (Y-o-Y): -61.5%
-Revenue (Q4): $3.60 Bln vs. $4.23 Bln last year.
-Revenue Change (Y-o-Y): -14.9%