Micron Technology (MU) PT Raised to $105 at Morgan Stanley

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Micron Technology (MU) Raises 2Q EPS/Revenue Guidance

March 3, 2021 9:01 AM EST

Micron Technology, Inc. (NASDAQ: MU) today announced that it is increasing its revenue, gross margin, and EPS guidance for the second quarter of fiscal 2021, which ends March 4, 2021, as set forth in the tables below.

The firm sees revenue of $6.2-$6.25 billion, versus prior guidance of $5.6-$6 billion. Sees non-GAAP EPS of $0.93-$0.98, versus $0.68-$0.82.

Micron Senior Vice President and Chief Financial Officer David Zinsner will share further updates in a fireside chat at the Morgan... More