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(Reuters) -Micron Technology forecast quarterly revenue above market estimates on Wednesday, and its shares jumped nearly 5% in extended trading on signs of memory chip recovery in 2024 after one ...
The high end of Micron's near-term revenue forecast implies a top-line figure of $8.1 billion. This was perceived as abysmal by the investment community, as it pales in comparison to Wall Street's ...
Looking ahead, Micron guided for fiscal Q1 revenue to be between $8.5 billion and $8.9 billion, with gross margins between 38.5% and 40.5%. It is looking for adjusted EPS of between $1.66 and $1.82.
For its fiscal first quarter, Micron's earnings per share of $1.79 surpassed the expected $1.76, while its revenue of $8.7 billion was in line with forecasts, according to Bloomberg consensus ...
Adjusted earnings per share of $1.18 also exceeded both the top range of Micron's guidance and the $1.11 forecast by Wall Street. Micron’s memory chip business has undergone a resurgence over ...
(Reuters) -Memory chip maker Micron Technology tapped a surge in artificial intelligence adoption to forecast third-quarter revenue above estimates on Wednesday and post a surprise quarterly profit.
Micron expects to report record revenue of about $8.7 billion, plus or minus $200 million, in the first quarter and forecast a jump in gross margin to about 39.5% for the same period.
Micron Technology forecast quarterly revenue and profit below Wall Street estimates on Wednesday, sending shares lower as weak demand for consumer-centric products such as personal computers and ...