Micron Technology, Inc. (NASDAQ:MU) shares are trading higher on possible continued momentum after Dell reported third quarter earnings and issued strong guidance.
Micron shares may be trading higher as investors view Dell's results as a signal of broader strength across the tech sector.
Dell reported adjusted earnings per share of $2.59, beating the consensus estimate of $2.47. In addition, the company reported revenue of $27.00 billion, missing the consensus estimate of $27.12 billion.
Dell sees fourth quarter adjusted earnings per share of $3.50, versus the consensus estimate of $2.23. Dell also raised its fiscal year 2026 adjusted earnings per share guidance from $9.55 to $9.92, versus the consensus estimate of $9.55.
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MU Price Action: At the time of writing, Micron shares are trading 2.62% higher at $236.29, according to data from Benzinga Pro.
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