Micron Sees Q1 Adj. EPS $(1.14)-$(1.00) vs $(0.90) Est., Revenue $4.2B-$4.6B vs $3.97B Est.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology Inc. expects Q1 adjusted EPS to be between $(1.14) and $(1.00), which is worse than the estimated $(0.90). The company also forecasts revenue to be between $4.2B and $4.6B, which is higher than the estimated $3.97B.
September 27, 2023 | 8:04 pm
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NEUTRAL IMPACT
Micron's Q1 adjusted EPS forecast is worse than estimated, but revenue forecast is higher than expected.
Micron's lower than expected EPS forecast could negatively impact the stock price. However, the higher than expected revenue forecast could offset this negative impact, leading to a neutral short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100