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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 ...
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 ...
Micron shares stood at $87 at the market close Thursday. ... 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 ...
(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 ...
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 ...
Chipmaker Micron's shares surge as AI boom drives strong forecast. Arsheeya Bajwa and Harshita Mary Varghese. ... Its upbeat forecast sent shares of peer Western Digital up 4.6% in extended trade.
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.
Demand for high-bandwidth memory chips, a market led by Nvidia supplier SK Hynix, for use in AI has also raised investor hopes that Micron will be Micron widens loss forecast, shares drop ...