Why Micron Stock Crashed 16% Today [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
ET Wednesday despite the company reporting earnings that equaled or exceeded the targets Wall Street had set for it in fiscal Q1 2025. Expected to report $1.77 per share in profit on $8.7 billion in sales, Micron actually reported $1.79 per share in profit and sales of $8.7 billion -- beating on both top and bottom lines, if only just barely. Micron Q1 earnings Not all Micron's news was good. The company may have earned $1.79 per share adjusted for one-time items (i.e. non-GAAP ). But Micron's earnings when calculated according to generally accepted accounting principles ( GAAP ) were only $1.67 per share. Still, this was better than the GAAP net loss Micron reported in Q1 last year, and more than double the GAAP profit Micron earned as recently as last quarter, fiscal Q4 2024. Micron's sales also surged 85% year over year in Q1, led by astounding growth in the company's data center business (meaning cloud computing and artificial intelligence). Data center revenue grew 40% qu
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MU
News
- INVESTIGATION ALERT (NASDAQ: MU): DiCello Levitt LLP Is Investigating Investor Claims Against Micron Technology, Inc. and Encourages MU Investors with Losses to Contact the FirmGlobeNewswire
- Is Micron Technology (MU) the Best Growth Stock to Invest in Now? [Yahoo! Finance]Yahoo! Finance
- Micron Stock Plunges After Company Cuts Outlook, Analysts Raise Concerns [Yahoo! Finance]Yahoo! Finance
- Micron Technology Q1 Earnings Beat, Stock Dips 16% on Dim Guidance [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Morgan Stanley from $114.00 to $98.00. They now have an "equal weight" rating on the stock.MarketBeat
MU
Earnings
- 12/18/24 - Beat
MU
Sec Filings
- 12/19/24 - Form 10-Q
- 12/18/24 - Form 8-K
- 12/10/24 - Form 8-K
- MU's page on the SEC website