Micron Sees Q4 Adj. EPS $1.00-$1.16 vs $1.05 Est., Revenue $7.4-$7.8B vs $7.6B Est.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology has provided its Q4 guidance, projecting adjusted EPS between $1.00 and $1.16, compared to the estimated $1.05. The company also expects revenue between $7.4 billion and $7.8 billion, against the estimated $7.6 billion.
June 26, 2024 | 8:03 pm
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Micron Technology's Q4 guidance shows a range for adjusted EPS between $1.00 and $1.16, slightly above the consensus estimate of $1.05. Revenue guidance is also within a range of $7.4 billion to $7.8 billion, aligning closely with the $7.6 billion estimate.
Micron's guidance for Q4 shows a positive outlook with adjusted EPS potentially exceeding estimates and revenue aligning closely with expectations. This is likely to have a positive short-term impact on the stock price as it indicates strong performance.
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