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| Name | Symbol | Market | Type |
|---|---|---|---|
| Micron CDR | NEO:MU | NEO | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.20 | -0.77% | 25.67 | 24.99 | 26.19 | 26.03 | 25.39 | 25.86 | 40,763 | 22:30:01 |
From Oct 2023 to Oct 2024
By Will Feuer
Micron Technology expects revenue for its fiscal first quarter to come in better than it initially forecast, but the memory-chip maker also warned its operating costs will be higher.
The company is now forecasting revenue of about $4.7 billion for the fiscal quarter, which ends Nov. 30. That is up from the company's previous revenue guidance of $4.2 billion to $4.6 billion.
Micron said the quarter benefited from a better balance of supply and demand that led to a better pricing environment.
At the same time, Micron is now forecasting quarterly operating expenses of about $1.1 billion, up from its prior forecast of about $1.01 billion.
The company is targeting an adjusted loss of about $1 a share, compared with a prior forecast of $1 a share to $1.14 a share.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
November 28, 2023 09:44 ET (14:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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