Micron Sees Q3 Adj. EPS $0.38-$0.52 vs $0.20 Est., Revenue $6.4B-$6.8B vs $6B Est.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology, Inc. has projected its Q3 adjusted earnings per share (EPS) to be between $0.38 and $0.52, surpassing the estimated $0.20. Additionally, the company expects its revenue to range from $6.4 billion to $6.8 billion, exceeding the $6 billion estimate.
March 20, 2024 | 8:04 pm
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Micron Technology, Inc. anticipates higher Q3 earnings and revenue than analysts estimated, suggesting a positive outlook for the company.
Micron's projection of higher than expected earnings and revenue for Q3 indicates a strong financial performance, likely leading to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100