HomeTechEquipmentMicron Sinks Despite Raising Guidance

Micron Sinks Despite Raising Guidance

Micron Technology (MU) is trading lower despite raising guidance for 1Q24. It expects 1Q revenue of around $4.7B and a loss per share of $1.00. Caroline Woods notes that Micron has not posted a profit per share since August of 2022. MU also raised its expectations for 1Q operating expenses. Tune in for more developing stories.

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