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Micron Technology's 1Q Guidance Misses Analysts' Targets
Micron Technology Inc. expects about $7.65 billion in revenue this quarter, missing Wall Street targets.
The company said it expects to make $1.90 to $2.10 a share this quarter, or $2 to $2.20 a share on an adjusted basis, on $7.45 billion to $7.85 billion in revenue.
Analysts surveyed by FactSet expect $2.44 a share, or $2.53 a share as adjusted, and about $8.54 billion in revenue.
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Micron Technology Inc. expects about $7.65 billion in revenue this quarter, missing Wall Street targets.
The company said it expects to make $1.90 to $2.10 a share this quarter, or $2 to $2.20 a share on an adjusted basis, on $7.45 billion to $7.85 billion in revenue.
Analysts surveyed by FactSet expect $2.44 a share, or $2.53 a share as adjusted, and about $8.54 billion in revenue.
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