Micron Shares Rise On Revenue Beat - great news for the industry?
$Micron Technology (MU.US)$ Micron Technology Inc (NASDAQ:MU) announced earnings per share of $2.16 on revenue of $7.69 billion. Analysts anticipated EPS of $2.10 on revenue of $7.68 billion.
Looking ahead, the company sees revenue for the next quarter coming in at between $7.3 billion to $7.7 billion, with EPS coming in between $1.85 and $2.05.
The company did well despite all the worries. Shares are up ~6.5% in after hours. Do you expect this to drag AMD and NVDA up tomorrow?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Enlly : $Micron Technology (MU.US)$ Tbh I don’t really see why it would. Might get a small push at open, but it’s probably falling off again till eow
Jacinthen : $Micron Technology (MU.US)$ anyone bearish on semiconductors is a FOOL
Evelynne : $Micron Technology (MU.US)$ anyone notice the 73,500 contracts of the December 23 90 calls that traded today? The question is were they buys or sells? Very unusual volume for an option expiring in 3 days