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(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 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 ...
What caused Micron shares to sell off? During an earnings call, ... 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 ...
(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 ...
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.
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 ...
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 ...
Micron's flash memory chip revenue in fiscal 2025 is expected to be significantly weaker, as sales of such chips are more exposed to PC and mobile phone shipments, Morningstar analyst William ...