On Monday, in the course of current trade, Shares of Micron Technology, Inc. (NASDAQ:MU), dropped -2.37%, and is now trading at $17.73.
Micron Technology, declared results of operations for its fourth quarter and 2015 fiscal year, which ended September 3, 2015. Revenues for the fourth quarter of fiscal 2015 were $3.60 billion and were 7 percent lower contrast to the third quarter of fiscal 2015 and 15 percent lower contrast to the fourth quarter of fiscal 2014. Revenues for fiscal year 2015 were $16.19 billion and net income attributable to Micron shareholders was $2.90 billion, or $2.47 per diluted share. Cash flows from operations were $5.21 billion for fiscal year 2015.
“We are happy to report Fiscal Year 2015 results that comprise revenue of $16.2 billion, $2.72 in non-GAAP earnings per share, and $2.3 billion in dilution administration activities, counting convert retirements and share repurchases,” stated D. Mark Durcan, Chief Executive Officer. “While fourth quarter results were influenced by continued weakness in the PC sector, we believe that memory industry fundamentals remain favorable over the long term.”
Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.
Finally, GoPro Inc (NASDAQ:GPRO), lost -2.96% Monday.
BOTTINI & BOTTINI, INC., declared an investigation on behalf of individuals and institutional investors who purchased GoPro, Inc. (GPRO) stock between June 26, 2014 and January 13, 2015. The investigation focuses on whether GoPro, its underwriters, and certain of its officers violated the federal securities laws by issuing false or misleading statements in — or omitting material information from — the registration statement issued in connection with GoPro’s initial public offering (“IPO”) on June 26, 2014 and secondary public offering (“SPO”) on November 20, 2014.
GoPro commenced the IPO on June 26, 2014, selling about 17.8 million shares of common stock at $24 per share. In less than a week, the price of GoPro shares rose more than 100% to $48 per share, and eventually reached $98.47 on October 7, 2014. On November 20, 2014, GoPro commenced the SPO, issuing about 10.3 million additional shares of common stock at $75 per share.
Bottini & Bottini’s investigation focuses on whether the registration statements issued in connection with the IPO and the SPO contained false or misleading statements, or failed to disclose material information that was required to be revealed under the federal securities laws. Specifically, the investigation focuses on whether GoPro was required and failed to disclose material information regarding competition and the likelihood of pricing pressures on the company’s margins.
GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content.
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