Micron CFO Mark Murphy said while speaking at the Susquehanna Technology Conference that the company now expects lower margins in its fiscal Q3 than it had previously expected. The CFO added that "the pricing environment currently is weak" and the company’s "third quarter could be flat to down or we believe will be flat to down versus the second quarter as we see it today." He then said, according to a transcript: "But of course, we’ve got — this is the end of the quarter. We’ll report at the end of March, and we’ll have a clearer picture and more commentary at that point." In pre-market trading, Micron shares are down $1.66, or 3%, to $55.68.
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