On Friday, Shares of Micron Technology, Inc. (NASDAQ:MU), lost -18.15% to $19.66, hitting its lowest level.
Micron Technology, declared results of operations for its third quarter of fiscal 2015, which ended June 4, 2015. Revenues for the third quarter of fiscal 2015 were $3.85 billion and were 8 percent lower contrast to the second quarter of fiscal 2015 and 3 percent lower contrast to the third quarter of fiscal 2014. Cash flows from operations were $1.34 billion for the third quarter of fiscal 2015.
Revenues for the third quarter of fiscal 2015 were 8 percent lower contrast to the second quarter of fiscal 2015 primarily due to a 10 percent decline in DRAM average selling prices and relatively flat DRAM sales volume. The company’s overall merged gross margin of 31 percent for the third quarter of fiscal 2015 was down 3 percent contrast to the second quarter of fiscal 2015 primarily due to lower average selling prices for DRAM, partially offset by lower manufacturing costs.
Investments in capital expenditures were $734 million for the third quarter of fiscal 2015. The company ended the third quarter of fiscal 2015 with cash and marketable investments of $7.33 billion.
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.
Shares of Oasis Petroleum Inc. (NYSE:OAS), declined -2.78% to $15.74, during its last trading session, as oil futures marked a third straight session loss Friday, with traders concerned that a potential deal with Iran could add to a global glut of crude supplies.
August crude fell 7 cents, or 0.1%, to settle at $59.63 a barrel on the New York Mercantile Exchange. The August contract fell 0.6% for the week, but contrast with the July contract, which was the front-month contract last Friday, prices saw a weekly gain of 2 cents, according to Market Watch.
August Brent crude on London’s ICE Futures exchange added 6 cents, or 0.1%, to $63.26 a barrel, scoring a 0.3% gain on the week. Market Watch Reports.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Finally, Vringo, Inc. (NASDAQ:VRNG), ended its last trade with -6.37% loss, and closed at $0.55.
Vringo, Inc. declared that on June 17, 2015 the Company was notified by The NASDAQ Stock Market LLC that it has granted the Company an additional 180-day grace period, or until December 14, 2015, to regain compliance with the minimum $1.00 bid price per share listing requirement.
The Company`s common stock will continue to trade on The NASDAQ Capital Market under the symbol “VRNG”. Therefore, the notification has no immediate impact on the listing of the Company`s common stock.
Vringo, Inc., together with its auxiliaries, develops, acquires, licenses, protects, and monetizes intellectual property worldwide. Its intellectual property portfolio comprises of about 600 patents and patent applications covering telecom infrastructure, Internet search, and mobile technologies. The company is headquartered in New York, New York.
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