Micron Technology Beats Estimates, Guidance Disappoints
- September 27th, 2023
- 431 views
Micron Technology, Inc. (Nasdaq: MU), a renowned semiconductor company, reported a loss of $(1.07) per share for the fourth quarter of fiscal 2023, better than the consensus estimate loss of $(1.18). The company's quarterly revenues reached $4.01 billion, slightly exceeding analysts' projected revenue of $3.91 billion.
However, looking ahead to the first quarter of fiscal 2024, Micron anticipates an adjusted loss per share in the range of $(1.14) to $(1.00), which contrasts with the consensus estimate of a loss of $(0.90) per share for the period.
$MU was trading at $65.59 in after-hours, down $2.62 (-3.84%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Earnings Countdown: Lockheed Martin, Stryker, and PACCAR Gear Up
January 26th, 2025Earnings Spotlight: SoFi Technologies, Sanmina, and Nucor Set to Report
January 26th, 2025Global Flag Football League Plans To Host Pro Flag Football Tournament in Las Vegas
January 23rd, 2025Earnings On Deck: Netflix, United Airlines, and Agilysys Gear Up
January 19th, 2025
Member Login