CORRECTION: Micron Technology Q1 EPS $(0.95) Misses $(0.91) Estimate, Sales $4.73B Beat $4.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Micron Technology reported Q1 earnings with an EPS of $(0.95), missing the $(0.91) estimate. However, their sales of $4.73B exceeded the $4.27B estimate.
December 20, 2023 | 9:02 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Micron Technology's Q1 EPS missed estimates by $0.04, but sales exceeded expectations by $460M.
The EPS miss may concern investors about profitability, but the sales beat could indicate strong demand for Micron's products. The mixed results could lead to neutral short-term stock price movement as the market digests both positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100