Micron Technology - The chipmaker posted a loss of 27 cents a share on revenue of $1.83 billion, missing expectations for a loss of 20 cents a share on sales of $2.01 billion. Shares tumbled in extended-hours trading.
How they could have estimated -20 cents is a very big mystery. And I'm not even remotely related to anyone named Jefferies. But as long as we all recite and repeat "Cook those books. Cook those books!" Oh, look at the cyber-fantasy cash flow! Leverage, leverage, leverage--oh no, the levy broke!