MU - How To Earn $500 A Month From Micron Technology Stock After Last Week's Strong Earnings | Benzinga
Micron Technology, Inc. (NASDAQ: MU) reported better-than-expected second-quarter financial results and issued strong third-quarter guidance on March 20, 2024.
Micron reported first-quarter revenue of $5.82 billion, which beat the consensus estimate of $5.342 billion. The company reported adjusted earnings of 42 cents per share, which easily beat analyst estimates for a loss of 25 cents per share.
Micron said it expects fiscal third-quarter revenue of $6.6 billion, plus or minus $200 million, versus estimates of $6 billion. The company anticipates third-quarter adjusted earnings of 38 cents to 52 cents per share versus estimates of 20 cents per share.
Last week, multiple analysts, including Piper Sandler, B of A Securities, TD Cowen, Wedbush, Stifel, Mizuho, Rosenblatt and Needham, raised their price targets on the stock following earnings report.
With the recent buzz around Micron, some investors may be eyeing potential gains from ...