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- Company news: Micron (MU) posts narrower-than-anticipated quarterly loss
Ekonomické zprávy
21.12.2023
Company news: Micron (MU) posts narrower-than-anticipated quarterly loss
Micron (MU) reported Q1 FY2024 loss of $0.95 per share (versus -$0.04 per share in Q1 FY2023), better than analysts’ consensus estimate of -$1.01 per share.
The company’s quarterly revenues amounted to $4.726 bln (+15.7% y/y), beating analysts’ consensus estimate of $4.581 bln.
The company also issued upside guidance for Q2 FY2024, seeing EPS ranging between -$0.35 and -$0.21 versus analysts’ consensus estimate of -$0.62 and revenues of $5.1-$5.5 bln versus analysts’ consensus estimate of $4.97 bln.
MU rose to $83.00 (+5.48%) in pre-market trading.
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