Will Shipments and Guidance Impact the Stock?

  • Micron Technology is expected to report earnings for its fiscal fourth quarter after the market closes Wednesday.
  • The company is set to report revenue of $7.65 billion, compared to $4.01 billion in the same period last year.
  • Micron’s stock has dropped 33% over the past three months.
  • Look for commentary around shipments and sequential margin improvements.
  • Investors will focus on guidance for the current quarter, with analysts expecting adjusted earnings of $1.54 a share and revenue of $8.33 billion.

Micron Technology is set to report its fiscal fourth-quarter earnings after market close on Wednesday. Analysts predict a profit of 82 cents per share, up from a loss of $1.31 a share in the same period last year. Revenue is expected to reach $7.65 billion, compared to $4.01 billion in the previous year. The stock has declined by 33% over the past three months. Investors will be watching for updates on shipments and sequential margin improvements, as well as guidance for the current quarter, with analysts anticipating adjusted earnings of $1.54 a share and revenue of $8.33 billion.

Factuality Level: 9
Factuality Justification: The article provides accurate information about Micron Technology’s expected earnings, revenue, and insights from the CEO. It also mentions analyst expectations for the upcoming quarter. The information is relevant to investors and focuses on key points without any apparent bias or misleading statements.
Noise Level: 2
Noise Justification: The article provides relevant information about Micron Technology’s expected earnings report and key factors to watch out for, but it lacks in-depth analysis or insights beyond basic financial expectations. It does not explore the consequences of decisions on those who bear the risks nor provide actionable insights or new knowledge.
Public Companies: Micron Technology (MU)
Key People: Sanjay Mehrotra (Chief Executive)

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Financial Relevance: Yes
Financial Markets Impacted: Micron Technology’s stock price
Financial Rating Justification: The article discusses Micron Technology’s expected earnings, revenue, and guidance for its fiscal fourth quarter, which can impact the company’s stock price and potentially affect financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article
Move Size: No market move size mentioned.
Sector: Technology
Direction: Up
Magnitude: Medium
Affected Instruments: Stocks

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