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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.

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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.


Image: Micron