Micron quarterly revenue outlook misses Street, stock drops

By Noel Randewich SAN FRANCISCO (Reuters) - Memory chipmaker Micron Technology on Tuesday posted higher fiscal first-quarter results but gave a quarterly revenue forecast that missed Wall Street's expectations, sending its shares sharply lower. Micron said in a statement its revenue rose 13 percent to $4.57 billion in the first quarter, which ended on Dec 4. But for the upcoming fiscal second quarter, Micron said it expects revenue between $4.1 billion and $4.3 billion. Analysts on average expected revenue of $4.614 billion for the first quarter and $4. ...



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