The company forecast adjusted earnings of $1.33 to $1.53 per share, missing analysts’ consensus estimate of $1.97.
Micron also flagged a weaker-than-expected outlook for second-quarter bit shipments, adding to investor concerns. "We continue to gain share in the highest margin and strategically important parts of the market and are exceptionally well positioned to leverage AI-driven growth to create substantial value for all stakeholders.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Target shares plunge on earnings miss, weak guidanceTarget shares plunge on earnings miss, weak guidance
Source: Investingcom - 🏆 450. / 53 Read more »
Oracle shares head for worst day of 2024 after earnings missOracle shares fell on Tuesday following disappointing quarterly results from the database software company.
Source: nbcchicago - 🏆 545. / 51 Read more »
Target's recent trade imports data tells the real story behind massive earnings missTarget’s CEO and COO cited the recent ports strike as a factor in the retailer’s big earnings miss, but shipping data shows the problems run much…
Source: NBCLA - 🏆 319. / 59 Read more »
Kohl's shares tumble on earnings miss, CEO to step down in JanuaryKohl's announced that CEO Tom Kingsbury is stepping down in January. He will be replaced by Ashley Buchanan, the current chief executive of arts and crafts retailer Michaels.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Oracle shares slide on earnings and revenue missOracle shares fell in extended trading after the database software company issued disappointing quarterly results.
Source: nbcchicago - 🏆 545. / 51 Read more »
Target posts biggest earnings miss in two yearsRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Source: NBCNews - 🏆 10. / 86 Read more »