Micron (MU) Earnings Preview: Analysts Expect $20.83 EPS
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowMicron Technology (MU) is set to report earnings after the market closes on Wednesday, with analysts forecasting earnings of $20.83 per share on revenue of $35.75 billion. Shares closed at $1,051.77, having recently reached a new all-time high. However, following the earnings report, there are concerns that the stock could drop to $1,000, prompting trader vigilance. The broader market saw a tech sell-off, with the S&P 500 losing 1.44% and the Nasdaq Composite declining 2.21% on Tuesday.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Micron Technology Inc. (MU)
Micron Technology is a leading maker of memory chips, spanning DRAM and NAND flash.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier MU news
- Micron (MU) Stock Falls 10% Amid South Korea Market Turbulence
- Micron (MU) to Report Q3 Earnings with 967% EPS Growth Expected
- Micron Technology (MU) Earnings Preview: $23.86B Revenue Beat
- Micron (MU) Stock Surges 4.5% Following Strategic Agreement
- Micron (MU) Expects 268% Revenue Growth by June 24 Earnings Report
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