Micron Technology has raised its revenue guidance for the first quarter, forecasting approximately $4.7 billion in revenue, up from the previous expectation of $4.4 billion plus or minus $200 million. The company attributes the improved forecast to a better supply and demand balance. However, despite the positive revenue guidance, Micron also expects its first-quarter operating expenses to be higher than forecasted, causing its shares to fall in pre-market trading.
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Micron slides after warning that operating costs are growing https://t.co/KKERLSMtZF via @business
Micron sees first-quarter operating expenses above forecast, shares fall https://t.co/zHFsSOgd1Y https://t.co/NY3u1I0X38
Micron Stock Is Falling After Chip Maker Raised Guidance. Here’s Why. https://t.co/0Gan1Lbn2H
Micron Technology, the largest US maker of computer memory semiconductors, fell in pre-market trading despite raising its revenue guidance for the quarter and beating estimates. https://t.co/nSS8dxm6qc
Micron Technology, the largest US maker of computer memory semiconductors, fell in pre-market trading despite raising its revenue guidance for the quarter and beating estimates. https://t.co/3dG8n2038m
Micron slides after updating Q1 sales forecast, citing improved supply and pricing https://t.co/gITvRsGKXM
⚠️ MICRON EXPECTS FIRST QUARTER GROSS MARGIN TO APPROACH BREAKEVEN Full Story → https://t.co/tC2Z7UhV4J Memory chipmaker Micron Technology said on Tuesday it expects its first-quarter adjusted gross margin to approach breakeven due to improved supply and demand balance. https://t.co/QdXrmfo4mt
Micron $MU just said it expects revenue for the quarter ended November 30th to come in at $4.7B Micron had previously expected revenue to come in $4.4B +/- $200M
*MICRON SEES 1Q ADJ. REV. $4.7B, SAW $4.2B TO $4.6B, EST. $4.41B
$MU 🔸MICRON FORECASTS Q1 REV. ABOUT $4.7B; FORECAST $4.4B B1 $200M
$MU 🔸ICRON FORECASTS Q1 REV. ABOUT $4.7B; FORECAST $4.4B B1 $200M
$MU (-0.3% pre) Micron Technology (NASDAQ: MU) shares are on watch ahead of a presentation this morning at the UBS Global Technology Conference at 9:35 AM ET. https://t.co/2iEuAvBspO