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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Micron Technology Inc | NASDAQ:MU | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.57 | 2.29% | 114.90 | 114.90 | 114.92 | 115.48 | 113.50 | 115.00 | 15,564,185 | 00:59:14 |
By Allison Prang
Micron Technology Inc. is expecting its fourth-quarter revenue and earnings to rise from the third quarter.
The company said it expects earnings to be $2.23 a share, give or take 10 cents. It is expecting adjusted earnings to be $2.30 a share, plus or minus 10 cents a share. According to FactSet, analysts are expecting $2.18 in adjusted earnings.
The company is expecting revenue to be $8.2 billion, plus or minus $200 million. Analysts are expecting $7.88 billion.
The company expects its gross margin to be 46%, plus or minus one percent. It expects its adjusted gross margin to be 47%, plus or minus 1%.
The company is expecting operating expenses to be $955 million, plus or minus $25 million. The company is guiding for adjusted operating expenses to be $900 million, plus or minus $25 million.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
June 30, 2021 16:40 ET (20:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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