Micron Technology misses expectations, reducing headcount by 10% through 2023

Micron Technology (MU) Misses Q1 EPS, Revenues ; Guides

(Updated - December 21, 2022 4:04 PM EST)

Micron Technology (NASDAQ: MU) reported Q1 EPS of ($0.04), below the analyst estimate of ($0.01). Revenue for the quarter came in at $4.09 billion versus the consensus estimate of $4.15 billion.

GUIDANCE:

Micron Technology sees Q2 2023 EPS of... More

Micron Technology (MU) to guide below estimates, but Citi still positive

(Updated - December 21, 2022 11:53 AM EST)

Citi analyst Christopher Danely said the firm expects Micron Technology (NASDAQ: MU) to miss estimates when it releases fiscal first quarter 2023 results after market close today.

"We expect the company to report and guide below our estimates and Consensus given the... More

Samsung NAND price hike rumors appear "bogus", Mizuho's Klein says

Mizuho's memory team in Asia refutes reports from Digitimes on Tuesday that Samsung raised its NAND prices in 1HDec as much as 10%."

Shares of Western Digital (NASDAQ: WDC) rose on the news, which Mizuho's desk-based analyst Jordan Klein views as confirmation... More

Nike cheers, Zelenskyy visits U.S., Tesla layoffs - what's moving markets

By Geoffrey Smith

Investing.com -- Solid earnings from Nike lifted the sportswear maker and are set to lift U.S. markets broadly at the open. Ukraine's President Volodymyr Zelenskyy is set to address Congress in person later, his first trip outside his country since Russia's invasion 10 months ago. Elon Musk is planning to resign as Twitter CEO just as soon as he can find "someone foolish enough" to want the job, and oil prices hit their highest in a week on signs... More

Forget about Tech's outperformance in 2023 - Bernstein's Sacconaghi

Despite a strong selloff in 2022, the tech valuations are not as cheap as this years pullback may suggest, Bernstein analyst Toni Sacconaghi wrote in a client note.

Sacconaghi doesnt expect tech stocks to grow at a material premium to the wider market, hence Sacconaghi reiterated a Market Weight rating on the... More