Micron Tech Stock Slides After Hours Following Q4 Results - Here's What's Happening
Portfolio Pulse from Ryan Gustafson
Micron Technology reported Q4 losses of $1.07 per share, beating the analyst consensus estimate of losses of $1.18. The company also reported quarterly sales of $4.01 billion, beating the analyst consensus estimate of $3.91 billion. However, this represents a 39.64% decrease over sales of $6.64 billion in the same period last year. Micron anticipates Q1 earnings per share to be between losses of $1.14 and $1.00, with revenue estimated to be between $4.2 billion and $4.6 billion. The company's stock was down 2.65% in the after-hours session.
September 27, 2023 | 8:23 pm
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Micron Technology's Q4 results beat analyst estimates but the company's stock fell in after-hours trading.
Despite beating analyst estimates for Q4, Micron Technology's stock fell in after-hours trading. This could be due to the company's forecast for Q1, which anticipates losses per share and a decrease in sales compared to the same period last year.
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