Micron set for Thursday shocker after dour sales outlook
Portfolio Pulse from
Micron Technology Inc is expected to lose $15 billion in value due to disappointing sales guidance, projecting revenues of $7.9 billion for the next quarter.
December 19, 2024 | 1:15 pm
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Micron Technology Inc is projected to lose $15 billion in market value following a sales guidance that fell short of expectations, with projected revenues of $7.9 billion.
The significant drop in expected market value is due to Micron's sales guidance falling short of market expectations. This negative outlook is likely to impact investor sentiment and lead to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100