For the quarter, Micron (ticker: MU) reported revenue of $3.69 billion, about in line with the Street consensus at $3.7 billion. Revenue was down 53% from a year ago, and 10% from the fiscal first quarter.
On an adjusted basis, the company lost $1.91 in the quarter, worse than both the company’s forecast for a loss of 62 cents, and the Street consensus forecast for a loss of 86 cents. Micron said it took an inventory write-down in the quarter of $1.34 billion, or $1.34 a share.