Micron Technology (MU) Sees Pre-Market Surge Ahead of Earnings Report

Dec 16, 2024

On Monday, Micron Technology (MU, Financial) shares rose over 3% in pre-market trading, reaching $106.20. The company is set to release its fiscal Q1 2025 earnings report soon. Wall Street anticipates revenue of $8.72 billion, marking an 84% year-over-year increase. Expected profits stand at $1.84 billion, translating to earnings of $1.58 per share, a significant turnaround from last year's $1.23 billion loss and a per-share loss of $1.12.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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