Micron Technology Sees Q2 EPS ($0.28) ± $0.07 Vs $(0.62) Est.; Revenue $5.30B ± $200M Vs $5.03B Est.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology forecasts Q2 2024 EPS of ($0.28) ± $0.07, beating estimates of ($0.62), and revenue of $5.30B ± $200M, surpassing the expected $5.03B. The company anticipates a gross margin of 12-13.5% and operating expenses of $935M-$965M. Details are available on their investor relations site.
December 20, 2023 | 9:04 pm
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POSITIVE IMPACT
Micron Technology (MU) expects better-than-anticipated Q2 EPS and revenue, suggesting a positive outlook that may boost investor confidence and stock price in the short term.
Micron's positive earnings and revenue guidance compared to analyst estimates typically lead to a favorable investor response and could result in a short-term increase in stock price. The exact figures provided for revenue and EPS, along with gross margin and operating expenses, give investors clear expectations, which are significantly better than the market consensus.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100