Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Micron Technology (NASDAQ: MU ) announced its 1Q 2013 results today in an official statement. It made $1.8 billion in net revenues, and had a bottom line loss of $275 million ($0.27 per diluted share). Those numbers for the same period last year were $2.1 billion, and $187 million (-$0.19 EPS).
Analysts had been expecting net sales of just over $2 billion and a loss of $0.20 per share for the quarter.
The company said it saw declines in revenues for its NAND and DRAM products, which fell 4% and 9%, respectively, over the previous quarter.
Micron Technology's shares were down approximately 3% in after-hours trading following the release of the results.