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Here’s One Reason Micron Technology (MU) Stock is Down Today

NEW YORK (TheStreet) -- Micron Technology (MU - Get Report) stock is falling 1.36% to $10.51 in afternoon trading on Thursday after Wedbush analysts warned that the data storage maker's fiscal 2016 second quarter financial results will likely be lower than expected, Barron's reports.

The Boise, ID-based company's quarterly report, due out next Wednesday after the market close, is expected to show a steep year-over-year decline in earnings per share and revenue.

"We believe with demand trends and memory pricing weak, particularly PC DRAM that the FQ2 print will come in at the low end of the guidance ranges and below the...