Micron Technology Earnings: What to Watch in the Numbers and Beyond
Shares of Micron Technology edged higher in Wednesday trading. The memory chip maker is set to post its fiscal fourth-quarter results today after the market closes.
Tweet on Micron shares and earnings
Shares of @MicronTech edged higher in Wednesday trading. The memory chip maker is set to post its fiscal fourth-quarter results today after the market closes.#micron #chips #semiconductors pic.twitter.com/InqrAYBZca
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Factset on Micron by Bloomberg
Here’s what you need to know, according to the estimates from FactSet.
The company is expected to report $3.95 billion in revenue, down from $6.64 billion a year earlier
Micron is expected to post an adjusted loss of $1.15 a share, compared with $1.45 a year
The company is expected to post a loss of $1.37 billion, versus net income of $1.49 billion in the prior-year period
Investors will look for details on the demand for memory chips, which power nearly every electronic device. Last quarter, CEO Sanjay Mehotra reported: “increased confidence that the industry has passed the bottom for both quarterly revenue and year-on-year revenue growth.”
Micron may also provide an update on its status in China, which has become a focal point for the company after Beijing in May blacklisted the company. Mehrotra in June said the effect of the decision remains uncertain and fluid.
