The company beat analyst estimates for the fourth quarter, but noted that the trade war and slowing demand will likely hit its bottom line in 2020.
tanked as much as 6% on Friday after forecasting lower fiscal first-quarter profits and reporting nearly $7 billion less in yearly revenue than in 2018.
Future quarters should help Micron offload its current stock and ride a wave of demand, CEO Sanjay Mehrotra said.
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