Micron Technology (NASDAQ:MU) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.65-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.45. The company issued revenue guidance of $5.7-6.3 billion, compared to the consensus revenue estimate of $7.18 billion.
Shares of MU stock opened at $34.11 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.79 and a quick ratio of 2.16. The company has a market cap of $37.95 billion, a price-to-earnings ratio of 2.89, a P/E/G ratio of 0.56 and a beta of 1.63. Micron Technology has a 12-month low of $33.60 and a 12-month high of $64.66.
Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, December 18th. The semiconductor manufacturer reported $2.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.07. Micron Technology had a net margin of 46.51% and a return on equity of 51.68%. During the same quarter in the prior year, the firm earned $2.45 earnings per share. On average, sell-side analysts anticipate that Micron Technology will post 9.59 EPS for the current fiscal year.
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Micron Technology Company Profile
Micron Technology, Inc manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels.
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