Micron (MU) closed the latest buying and selling day at $51.20, shifting +0.45% from the earlier bu
Micron (MU) closed the latest buying and selling day at $51.20, shifting +0.45% from the earlier buying and selling session. This alteration outpaced the S&P 500’s 0.01% achieve on the day. Elsewhere, the Dow gained 0.01%, whereas the tech-heavy Nasdaq added 0.2%.
Coming into immediately, shares of the chipmaker had gained 8.91% previously month. In that very same time, the Laptop and Know-how sector gained 2.57%, whereas the S&P 500 gained 2.67%.
Traders shall be hoping for power from MU because it approaches its subsequent earnings launch, which is anticipated to be December 18, 2019. In that report, analysts anticipate MU to submit earnings of $0.48 per share. This is able to mark a year-over-year decline of 83.84%. In the meantime, the Zacks Consensus Estimate for income is projecting internet gross sales of $5.01 billion, down 36.63% from the year-ago interval.
MU’s full-year Zacks Consensus Estimates are calling for earnings of $2.39 per share and income of $20.29 billion. These outcomes would characterize year-over-year adjustments of -62.36% and -13.33%, respectively.
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