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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Micron Technology, Inc.    MU

MICRON TECHNOLOGY, INC.

(MU)
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Micron Technology : Raises 1Q Revenue, Profit Guidance

12/01/2020 | 09:46am EST

By Colin Kellaher

Micron Technology Inc. on Tuesday raised forecasts for several key metrics for its fiscal first quarter, which ends Wednesday.

The Boise, Idaho, memory chip maker said it now expects to post adjusted earnings of 69 cents to 73 cents a share for the quarter, up from a prior forecast of 40 cents to 54 cents a share.

Analysts polled by FactSet, on average, were expecting an adjusted profit of 51 cents a share.

Micron said it now expects quarterly revenue of $5.7 billion to $5.75 billion, up from prior guidance of $5 billion to $5.4 billion and ahead of the $5.29 billion Wall Street was expecting.

Micron said it expects its adjusted gross margin to come in at 29.5% to 30.5% for the quarter, compared with earlier guidance of 26.5% to 28.5%.

Shares of Micron, which closed Monday at $64.09, rose about 2% in premarket trading Tuesday.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

12-01-20 0945ET

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Financials (USD)
Sales 2021 25 011 M - -
Net income 2021 3 858 M - -
Net cash 2021 1 715 M - -
P/E ratio 2021 23,7x
Yield 2021 0,21%
Capitalization 90 299 M 90 299 M -
EV / Sales 2021 3,54x
EV / Sales 2022 2,67x
Nbr of Employees 40 000
Free-Float 93,1%
Chart MICRON TECHNOLOGY, INC.
Duration : Period :
Micron Technology, Inc. Technical Analysis Chart | MU | US5951121038 | MarketScreener
Technical analysis trends MICRON TECHNOLOGY, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Average target price 95,42 $
Last Close Price 80,72 $
Spread / Highest target 49,9%
Spread / Average Target 18,2%
Spread / Lowest Target -25,7%
EPS Revisions
Managers and Directors
NameTitle
Sanjay Mehrotra President, Chief Executive Officer & Director
Robert E. Switz Chairman
Manish Bhatia Executive Vice President-Global Operations
David A. Zinsner Chief Financial Officer & Senior Vice President
Scott J. DeBoer Executive Vice President-Technology & Products
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