Micron outperforms, but trade war costs emerge

ABC News | 9/21/2018 | Staff
Les7799 (Posted by) Level 3
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Micron's stock is down nearly 6 percent ahead of the opening bell with collateral damage from the U.S.-China trade war overshadowing a strong performance from the chipmaker in its most recent quarter.

The company topped profit and revenue expectations, but Chief Financial Officer David Zinsner told industry analysts in a call late Thursday that gross margins are going to be squeezed by the...
(Excerpt) Read more at: ABC News
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