Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024.Micron shares plunged 13% in extended trading on Wednesday after the chipmaker issued weak second-quarter guidance despite an earnings beat for the latest period. Here's how the company did compared to analysts' expectations surveyed by LSEG:Earnings per share: $1.79, adjusted vs. $1.75 expectedRevenue: $8.71 billion vs. $8.71 billion ...

Micron Technology (MU) issued a revenue outlook that came in below analysts’ expectations, sending shares lower in extended trading Wednesday.  The memory chip maker and Nvidia (NVDA) partner projected fiscal second-quarter revenue of $7.9 billion, give or take $200 million, below the analyst consensus of $8.93 billion compiled by Visible Alpha. The company's forecast for diluted earnings per share (EPS) of between $1.16 to $1.36 was also below estimates.  “While consumer-oriented markets are weaker in the ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Micron delivers record fiscal Q1 revenue, driven by strong AI demandData center revenue grew over 40% sequentially and over 400% year over year BOISE, Idaho, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2025, which ended November 28, 2024. Fiscal Q1 2025 highlights Revenue of $8.71 billion versus $7.75 billion for the prior quarter and $4.73 billion for the same period last yearGAAP net income of $1.87 billion, or $1.67 per di ...

(1) (2) Exhibit 99.1 FOR IMMEDIATE RELEASE | --- | --- | |-----------------------|--------------------| | | | | Satya Kumar | Mark Plungy | | Investor Relations | Media Relations | | satyakumar@micron.com | mplungy@micron.com | | (408) 450-6199 | (408) 203-2910 | MICRON TECHNOLOGY, INC. REPORTS RESULTS FOR THE FIRST QUARTER OF FISCAL 2025 Micron delivers record fiscal Q1 revenue, driven by strong AI demand Data center revenue grew over 40% sequentially and over 400% year over year BOISE, Idaho, December 18, ...

Micron Technology Inc MU heads into its first-quarter earnings announcement with a mix of optimism and caution."Choppy Quarters Ahead"?As Jake Silverman, Bloomberg Intelligence Semiconductor Analyst, puts it, "choppy quarters ahead for NAND" could pose a challenge, with pricing and inventory pressures in the smartphone and PC markets.However, the analyst also highlights AI-related applications as a potential offset, giving Micron a chance to weather the storm.Read Also: How To Earn $500 A Month From Micron ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Micron (MU) .Micron currently has an average brokerage recommendation (ABR) of 1.28, on a scale ...

Can Micron Technologies beat earnings expectations?In today's video, I discuss recent updates impacting Micron Technologies (MU 0.31%). To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the pre-market prices of December 18, 2024. The video was published on December 18, 2024. ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Micron is expected to report record revenue on Wednesday.In this video, I will cover the recent updates regarding Micron Technology (MU 5.62%). Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Dec. 13, 2024. The video was published on Dec. 13, 2024. ...