Micron Technology Q1 EPS $(0.95) Misses $(0.91) Estimate, Sales $4.73B Beat $4.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Micron Technology (NASDAQ:MU) reported a Q1 EPS loss of $(0.95), missing the $(0.91) estimate, and sales of $4.73M, significantly below the $4.27B estimate. This represents a sharp decline from the previous year's losses of $(0.04) per share and sales of $4.08B.
December 20, 2023 | 9:02 pm
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NEGATIVE IMPACT
Micron Technology reported a significant miss in both EPS and sales for Q1, with a dramatic decrease compared to last year's figures.
The reported earnings significantly missed analyst estimates, with a substantial year-over-year decline in both EPS and sales. This negative earnings report is likely to impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100