Micron Raises Earnings Estimates - Shares Climb
For the quarter ending Thursday, Micron estimates revenue at $5.2 billion to $5.4 billion, up from the prior forecast of $4.6 billion to $5.2 billion.
DAN WEIL36 MINUTES AGO
Micron Technology (MU) - Get Report shares rose Wednesday after the chipmaker raised its earnings estimates for the fiscal third-quarter ending Thursday.
The Boise, Idaho, company now estimates revenue at $5.2 billion to $5.4 billion, up from the prior forecast of $4.6 billion to $5.2 billion.
And it estimates non-GAAP earnings per share at 75 cents to 80 cents, compared with the previous projection of 40 cents to 70 cents.
The company forecast GAAP earnings per share of 61 cents to 66 cents for the fiscal third quarter and a GAAP gross margin of 32% to 33%
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Micron Raises Earnings Estimates - Shares Climb
For the quarter ending Thursday, Micron estimates revenue at $5.2 billion to $5.4 billion, up from the prior forecast of $4.6 billion to $5.2 billion.
DAN WEIL36 MINUTES AGO
Micron Technology (MU) - Get Report shares rose Wednesday after the chipmaker raised its earnings estimates for the fiscal third-quarter ending Thursday.
The Boise, Idaho, company now estimates revenue at $5.2 billion to $5.4 billion, up from the prior forecast of $4.6 billion to $5.2 billion.
And it estimates non-GAAP earnings per share at 75 cents to 80 cents, compared with the previous projection of 40 cents to 70 cents.
The company forecast GAAP earnings per share of 61 cents to 66 cents for the fiscal third quarter and a GAAP gross margin of 32% to 33%