U.S. chipmaker Micron forecasts first-quarter revenue below estimates By Reuters

© Reuters. FILE PHOTO: Micron Know-how’s solid-state drive for information heart clients is introduced at a product launch occasion in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis/File Photograph

(Reuters) – Micron Know-how Inc (NASDAQ:) on Tuesday forecast first-quarter income under Wall Avenue estimates, as shortages in chip-making supplies gave the impression to be catching up with the reminiscence chip maker.

The corporate forecast current-quarter income of $7.65 billion, plus or minus $200 million, whereas analysts on common had been anticipating $8.57 billion, in line with IBES information from Refinitiv.

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