Micron (MU) Stock Falls Following Q4 Beat, But Guidance Miss
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Micron (MU) Stock Falls After Topping Q4 Estimates but Misses on Guidance, Analysts Lower Numbers and PTs
September 29, 2021 5:47 AM EDTShares of Micron Technology (NASDAQ: MU) are down 3.5% in pre-open Wednesday after the company reported worse-than-expected guidance.
MU reported Q4 EPS of $2.42 to top the analyst estimate of $2.32. Revenue for the quarter came in at $8.27 billion versus the consensus estimate of $8.21 billion.
Microns outstanding fourth quarter execution capped a year of several key milestones. In fiscal 2021, we established DRAM and NAND technology leadership, drove record revenues across multiple markets, and initiated a quarterly dividend,... More
