Micron Technology (MU) Stock Trades Down, Here Is Why [Yahoo! Finance]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations:
investors.micron.com
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Source: Yahoo! Finance
Adjusted EBITDA and free cash flow came in below analysts' expectations. Sales only narrowly beat expectations during the quarter, and the revenue outlook for the next quarter was roughly in line. The market reaction suggested expectations were high heading into earnings, given its strong exposure to the booming AI market. Notably, sales in the DRAM business - which is anticipated to gain from AI - fell below Wall Street's estimates during the quarter. Overall, the results were mixed. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Micron Technology? Access our full analysis report here, it's free What is the market telling us: Micron Technology's shares are somewhat volatile and over the last year have had 10 moves greater than 5%. But moves this big are very rare even for Micron Technology and that is indicating to us that this news had a significant impact on the market's perception of
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MU
Earnings
- 6/26/24 - Beat
MU
Sec Filings
- 6/27/24 - Form 144
- 6/27/24 - Form 10-Q
- 6/26/24 - Form 8-K
- MU's page on the SEC website