Micron Technology, Inc., Reports Results for the Second Quarter of Fiscal 2018

Go back to Micron Technology, Inc., Reports Results for the Second Quarter of Fiscal 2018

Micron Technology (MU) PT Raised to $75 at Argus; Reiterates Buy

March 26, 2018 8:23 AM EDT

Argus raised its price target on Micron Technology (NASDAQ: MU) to $75.00 (from $55.00) while maintaining a Buy rating. The company sold off by 6% on 3/23/18, based on concerns about memory pricing, even though Micron reported above-consensus results for fiscal 2Q18.

Fiscal 2Q18 revenue of $7.35 billion grew 58%... More

Micron Technology (MU) Tops Q2 EPS by 8c, Offers Q3 Guidance

March 22, 2018 4:00 PM EDT

(Updated - March 22, 2018 4:06 PM EDT)

Micron Technology (NASDAQ: MU) reported Q2 EPS of $2.82, $0.08 better than the analyst estimate of $2.74. Revenue for the quarter came in at $7.35 billion versus the consensus estimate of $7.28 billion.

"Micron executed exceptionally well in the second quarter,... More