Micron Tops Q4 Earnings Estimates: Can Strong Guidance Lift the Stock?

Micron Technology, Inc. (MU) ended fiscal 2024 on a strong note by reporting strong fourth-quarter results. Fourth-quarter top and bottom lines surpassed the Zacks Consensus Estimate and marked a significant year-over-year improvement. Looking at the key metrics, while quarterly revenues came at the high end of the management guidance range, gross margin and earnings per share (EPS) exceeded the guidance.Micron reported non-GAAP EPS of $1.18, higher than the consensus mark of $1.10 and management’s forecast ...