Slower personal computer sales, price reductions and the cost of starting international operations will cut third-quarter earnings, Micron Electronics Inc., says.
The Nampa-based company and its subsidiaries manufacture electronic products and provide services for a wide range of computing and digital applications.The company will report fiscal third quarter earnings in mid-June, covering the three months ending May 29, but said in a news release Tuesday that two "significant factors" will impact earnings.
Overall gross profit margins will be between 2 percentage points and 3 percentage points lower than levels of the second quarter, primarily as a result of recent price reductions on personal computer systems.