Micron Stock Price (MU) Earnings Forecast For The Current Quarter Missed Expectations

Micron Stock Price (MU) Earnings Forecast For The Current Quarter Missed Expectations

Summary:

  • MU Stock price down 2.86% in after market closing.

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Micron stock falls

On Thursday the memory-chip maker Micron (MU) beat Wall Street's earnings target for its third fiscal quarter and matched their sales view. However it well missed the expectations regarding guidance for the current quarter and the MIU stock price fell during extended trading.

For the current quarter, Microns adjusted forecasted earnings of $1.63 per share on sales of $7.2 billion which missed analysts expectations of $2.6 per share on $9.15 billion sales for their 4th quarter.

Micron Stock Price (MU) Earnings Forecast For The Current Quarter Missed Expectations - 1 MU Price Chart

Sources: finance.yahoo.com, investors.com

Rebecca Duthie

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance.