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Key TakeawaysMicron shares fell more than 5% in premarket trading Thursday after the chipmaker posted quarterly results and revenue guidance that came in below Wall Street’s lofty expectations.The stock price reversed last Thursday on above-average volume to form a bearish wide-ranging day, a particularly volatile trading session that can warn of a major trend reversal.Micron shares made a higher high last week, but the relative strength index made a shallower high, creating a bearish divergence between the ...

Loading...Loading...The two-day rally the broader market witnessed could stall, as traders choose to remain cautious ahead of a string of economic catalysts. The negative reaction to Micron Technology, Inc.‘s MU earnings could generate weakness in the tech space. AI stalwart Nvidia Corp.’s NVDA two-day rally is cooling off following its annual shareholder meeting. Bond yields have ticked up, with the 10-year-old Treasury yield holding above the 4.3% mark.Traders may bide their time amid the fluid situation ...

IR_Stone Despite Micron (NASDAQ:MU) reporting solid third fiscal quarter results on Wednesday, and beating earnings by a good margin, shares skidded 8% in after-hours trading. The memory maker benefits from accelerating demand for its AI memory products which are used to power artificial intelligence applications in Data Centers especially. Micron’s guidance for FQ4’24 revenues disappointed, although I feel that the company’s accomplishments, especially in terms of NAND/DRAM pricing strength and gross ma ...

Micron Technology's stock dropped 7% after the company reported earnings.In this video, I will talk about Micron Technology's (MU 0.88%) latest earnings report, comments from management about the outlook, and explain why the stock is down.*Stock prices used were from the trading day of June 25, 2024. The video was published on June 25, 2024. ...

Thank you for standing by and welcome to Micron Technologies Fiscal Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you'll need to press star 11 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 11 again. As a reminder, today's program is being recorded. And ...

Micron Technology, Inc. (NASDAQ:MU) Q3 2024 Earnings Conference Call June 26, 2024 4:30 PM ET Company Participants Satya Kumar - IR Sanjay Mehrotra - President and CEO Mark Murphy - CFO Conference Call Participants Krish Sankar - TD Cowen Vivek Arya - Bank of America Securities Toshiya Hari - Goldman Sachs Thomas O'Malley - Barclays Christopher Danely - Citi Harlan Sur - JPMorgan Operator Thank you for standing by, and welcome to Micron Technology's Fiscal Third Quarter 2024 Financial Results Conference Cal ...

Micron Technology Inc. beat revenue expectations in the latest quarter and logged a sizable profit beat on Wednesday, but its top-line forecast for the current quarter was merely in line with the consensus view at the midpoint.Investors may have wanted to see more upside given the recent move higher in Micron shares MU, +0.88% and optimistic views from analysts. The shares are up 67% so far this year, though they fell 8% in Wednesday’s after-hours action. The company made a sharp turnaround on its bottom li ...

Micron (MU) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to loss of $1.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24%. A quarter ago, it was expected that this chipmaker would post a loss of $0.27 per share when it actually produced earnings of $0.42, delivering a surprise of 255.56%.Over the last four quarters, the company has surpassed con ...

Key TakeawaysMicron Technology shares tumbled in extended trading Wednesday after the company reported third-quarter profit that missed analysts' estimates and offered soft revenue guidance.While Micron's revenue guidance for the final quarter of fiscal 2024 was in line with projections compiled by Visible Alpha, J.P. Morgan and Citi analysts suggested investors had higher expectations.The company's revenue for the third quarter rose from the year-ago period and came just ahead of analysts' estimates as dat ...