MU Preview: Loss Could Be Deeper Than Expected By Bob Faulkner About this article: Micron Technology will be reporting results for its first quarter after the close tomorrow with a conference call at 4:30 p.m. EST. Current Street consensus is for revenue of $1.34 billion (down 13% year over year and 8% quarter over quarter) and a loss per share of 43 cents. In the prior quarter, revenue was $1.45 billion (up 1% year over year but down 3% quarter over quarter) with a loss per share of 45 cents. The gross margin was negative after a $205 million inventory writedown, and the operating margin was negative for the seventh consecutive quarter. Cash from operations remained strong at $240 million. The company's cash accounts declined about $220 million, to about $1.36 billion. Accounts receivable increased about $40 million, with days sales outstanding up four days, to 64 days. Inventory declined $150 million, largely due to the writedown, with days of... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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