MU - Micron Likely To Report Wider Q1 Loss; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call | Benzinga
Micron Technology, Inc. (NASDAQ: MU) is projected to release financial results for its first quarter, after the closing bell on Dec. 20, 2023.
Analysts expect the company to post a quarterly loss at 97 cents per share, compared to a year-ago loss of 4 cents per share. The company’s revenue might come in at $4.64 billion for the latest quarter, according to Benzinga Pro.
Micron recently raised its first quarter of FY24 outlook. The company previously guided first-quarter revenue of $4.4 billion (± $200 million). However, due to improved supply and demand balance and pricing, Micron now expects first-quarter revenue to reach $4.7 billion.
Micron shares gained 0.8% to close at $82.17 on Tuesday.
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