In the newest buying and selling session, Micron (MU) closed at $46.26, marking a -1.97% transfer f
In the newest buying and selling session, Micron (MU) closed at $46.26, marking a -1.97% transfer from the day prior to this. This transfer lagged the S&P 500’s day by day lack of 0.2%. Elsewhere, the Dow gained 0.04%, whereas the tech-heavy Nasdaq misplaced 0.13%.
Coming into in the present day, shares of the chipmaker had gained 9.03% previously month. In that very same time, the Pc and Know-how sector gained 8.71%, whereas the S&P 500 gained 7.08%.
MU will likely be seeking to show energy because it nears its subsequent earnings launch. On that day, MU is projected to report earnings of $0.48 per share, which might signify a year-over-year decline of 83.84%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $5.01 billion, down 36.63% from the year-ago interval.
Wanting on the full yr, our Zacks Consensus Estimates counsel analysts expect earnings of $2.42 per share and income of $20.38 billion. These totals would mark adjustments of -61.89% and -12.93%, respectively, from final yr.
Buyers ought to…