Micron Technology Says Higher Expenses In Q1 Are Driven By Timing Of R&D Expenses, Timing Of Asset Sales; Making "Good Progress" In Meetings With Chinese Officials
Portfolio Pulse from Benzinga Newsdesk
Micron Technology reported that increased expenses in Q1 are due to the timing of R&D expenses and asset sales. The company also noted progress in discussions with Chinese officials.
November 28, 2023 | 3:03 pm
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Micron Technology's Q1 expenses have risen due to R&D timing and asset sales, but the company is making headway in negotiations with Chinese authorities.
The increase in expenses due to R&D and asset sales timing is typically a short-term factor and may not significantly impact investor sentiment. However, the mention of progress with Chinese officials could be viewed positively, as it may lead to improved regulatory relations and market access in China. The overall impact is likely neutral in the short term as the market digests both the increased expenses and the potential benefits of improved relations with China.
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