Micron Stock Price (MU) Earnings Forecast For The Current Quarter Missed Expectations
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Summary:
- MU Stock price down 2.86% in after market closing.
Micron stock falls
On Thursday the memory-chip maker Micron (MU) beat Wall Street's earnings target for its third fiscal quarter and matched their sales view. However it well missed the expectations regarding guidance for the current quarter and the MIU stock price fell during extended trading.
For the current quarter, Microns adjusted forecasted earnings of $1.63 per share on sales of $7.2 billion which missed analysts expectations of $2.6 per share on $9.15 billion sales for their 4th quarter.
MU Price Chart
Sources: finance.yahoo.com, investors.com
