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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 ...
(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 ...
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 ...
Is Micron Technology a pricey tech stock or a hidden gem in plain sight? This eye-opening chart might help you decide.
The company's quarterly results on Wednesday exceeded market expectations and it forecast a strong February quarter in a clear sign that memory chip prices will improve next year to recover from a ...