Market Overview

Micron Technology To Report Earnings After The Bell (MU)

Shares of Micron Technology (NASDAQ: MU) have been flying higher today as the company prepares to released their quarterly earnings report after the closing bell. Wall Street analysts are anticipating that Micron (MU) will report earnings per share of $0.43 compared to a loss of $0.36 in the year ago period. Revenues are expected to be in the $2.12 billion range.

During today's trading session, MU has surged 6.45% as investors are clearly expecting a strong report from the company. Year-to-date, Micron shares have fallen 4.64%, but gained 10.78% in the last month. Today's big move prior to the earnings release could be setting investors up for disappointment if the numbers aren't well above consensus estimates as a good amount of upside has now been priced in.

Micron Technology, Inc. is a global manufacturer and marketer of semiconductor devices, principally dynamic random access memory (DRAM) and Nandi Flash memory (NAND).

Posted-In: Earnings News Intraday Update Movers

 

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