Micron Sees Q4 Adj. EPS $(1.26)-$(1.12) vs $(1.06) Est., Revenue $3.7B-$4.1B vs $3.89B Est.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology Inc. (MU) has projected its Q4 adjusted EPS to be between $(1.26) and $(1.12), which is worse than the estimated $(1.06). The company also expects its revenue to be between $3.7B and $4.1B, compared to the estimated $3.89B.
June 28, 2023 | 8:03 pm
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NEGATIVE IMPACT
Micron's Q4 adjusted EPS and revenue forecasts are worse and around the estimates respectively. This could potentially impact the company's stock negatively in the short term.
Micron's Q4 adjusted EPS forecast is worse than the estimate, which could disappoint investors and lead to a sell-off. The revenue forecast is around the estimate, which may not be enough to offset the negative sentiment from the EPS forecast.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100