42.81 -3.25 (-7.06%)
After hours: 7:59PM EDT
|Bid||42.80 x 1200|
|Ask||42.81 x 4000|
|Day's Range||45.91 - 47.22|
|52 Week Range||34.09 - 64.66|
|PE Ratio (TTM)||4.62|
|Earnings Date||Sep 24, 2018 - Sep 28, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||78.45|
Micron Technology Inc. has skyrocketed in the last two years as price hikes in memory chips have helped its business soar to new heights. But on Thursday, investors got jittery that the party is nearing an end, with the company telling analysts that its profits will be hit by tariffs enacted by the Trump administration.
On Thursday afternoon, Micron reported August quarter (fiscal fourth quarter) revenue of $8.44 billion and non-GAAP EPS of $3.53, topping consensus analyst estimates of $8.25 billion and $3.33. After initially trading higher post-earnings, Micron sold off in response to its guidance and closed down 7.1% in after-hours trading to $42.81. With the qualifier that analyst estimates will probably be lowered due to the guidance, Micron now trades for 3.8 times a pre-earnings fiscal 2019 (ends in Aug. 2019) EPS consensus of $11.17.
Micron Technology Inc. shares swing to a loss in the extended session Thursday after the memory chip maker’s outlook falls short of Wall Street estimates while quarterly results tops them.
Semiconductor stocks appear poised to extend September’s losing streak on Friday after a disappointing revenue forecast from Micron Technology Inc. is reviving fears about demand.
Micron Technology shares fell more than 6 percent in after-hours trading Thursday after CFO David Zinsner said that the company's gross margins would suffer due to President Donald Trump's latest round of tariffs on Chinese imports. Micron also gave weak future guidance for revenue and earnings per share compared to what analysts had estimated. Micron Technology MU shares fell more than 6 percent in after-hours trading Thursday after CFO David Zinsner said that the semiconductor company's gross margins would suffer due to President Donald Trump's latest round of tariffs on Chinese imports.
Micron (MU) delivered earnings and revenue surprises of 6.33% and 2.30%, respectively, for the quarter ended August 2018. Do the numbers hold clues to what lies ahead for the stock?
Bloomberg Intelligence's Anand Srinivasan discusses Micron Technology Inc.'s fourth-quarter earnings with Bloomberg's Joe Weisenthal, Scarlet Fu and Caroline Hyde on "Bloomberg Markets: What'd You ...
On a per-share basis, the Boise, Idaho-based company said it had net income of $3.56. Earnings, adjusted for non-recurring gains, came to $3.53 per share. The results beat Wall Street expectations. The ...
Chipmaker Micron Technology Inc on Thursday reported fourth-quarter revenue and profit that beat analysts' estimates, driven by demand for its memory chips from data centers and smartphones. Shares of ...
Micron Technology Inc. shares rose in the extended session Thursday after the memory chip maker topped Wall Street estimates for the quarter. Micron shares advanced 2.7% after hours, following a 2.2% rise to close the regular session at $46.06. The company reported fiscal fourth-quarter net income of $4.33 billion, or $3.56 a share, compared with $2.37 billion, or $1.99 a share, in the year-ago period. Adjusted earnings were $3.53 a share. Revenue rose to $8.44 billion from $6.14 billion in the year-ago period. Analysts surveyed by FactSet had estimated $3.33 a share on revenue of $8.25 billion. "In the fourth quarter, we set revenue records across all our major markets, from automotive and industrial to mobile and cloud datacenters," said Sanjay Mehrotra, Micron chief executive and president, in a statement. At the close, Micron shares were up 12% for the year, compared with a 9.6% rise in the S&P 500 index and a 10.7% gain in the PHLX Semiconductor Index
Micron Technology Inc., the largest U.S. maker of memory chips, gave a revenue forecast that fell short of analysts’ estimates, adding to concern that a two-year surge in demand for its products is fading. Analysts predicted, on average, $8.45 billion, according to data compiled by Bloomberg. The company said profit, excluding certain items, will be about $2.95 a share, compared with analysts’ average estimate of $3.07.
Chipmaker Micron Technology Inc reported a 38 percent rise in quarterly revenue on Thursday, driven by demand for its memory chips from data centers and smartphones. Net income attributable to the chipmaker ...
The Dow Jones industrial average set a record high Thursday. Graphics-chip maker Nvidia declined on analyst comments.
Micron Technology, Inc. (MU) announced today that the company has appointed Mike Bokan as senior vice president of Worldwide Sales, effective Oct. 1, 2018. Bokan succeeds Steve Thorsen, who is retiring from Micron after 30 years with the company but will remain as an adviser through early November 2018 to ensure a smooth transition. Bokan is being promoted to senior vice president and will report directly to Micron President and CEO Sanjay Mehrotra.
BOISE, Idaho, Sept. 20, 2018-- Micron Technology, Inc., today announced results of operations for its fourth quarter and full year of fiscal 2018, which ended August 30, 2018.. Revenues of $8.44 billion, ...
The S&P 500 and Dow Jones hit new all-time highs on Thursday as U.S. equities continued to churn higher. That doesn’t mean every stock’s enjoying a day in the sun though. We also have some big earnings trades on list of top stock trades for tomorrow.Top Stock Trades for Tomorrow #1: Micron
A visit to South Korea to meet with Samsung Electronics Co. Ltd (OTC: SSNLF ), Hynix and equipment vendors reinforced a Bank of America Merrill Lynch analyst's positive outlook for Micron Technology, ...
Traders of Micron Technology stock options are ready for a bigger-than-usual move in the stock, in either direction, after the memory chip company reports earnings after Thursday’s closing bell.
Micron Technology Inc. will give investors a much better lay of the land of the memory chip market this week following a quarter of dueling narratives on whether chip prices would hold premium prices.
Samsung Electronics Co Ltd is planning to curb growth in memory chip output next year to keep supplies tight amid an expected slowdown in demand, Bloomberg reported on Thursday, citing people briefed on the matter. The world's biggest producer of NAND and DRAM chips expects bit growth of less than 20 percent for dynamic random access memory (DRAM) and a 30 percent rise for NAND flash, Bloomberg said. Samsung, which along with SK Hynix and Micron Technology dominate the supply of DRAM and NAND flash memory chips, said earlier this year it expected increases of 20 percent for DRAM and 40 percent for NAND in 2018.
Sep.20 -- Bloomberg Intelligence's Anand Srinivasan discusses Micron Technology Inc.'s fourth-quarter earnings with Bloomberg's Joe Weisenthal, Scarlet Fu and Caroline Hyde on "Bloomberg Markets: What'd You Miss?"