$MU fell after results missed consensus and the company issued a weak outlook. Side note: $FDX is a buy despite the lower guidance. The holiday season is BIG but Fedex is forecasting weakness in Europe. It will cut costs to balance the business to lower demand. Micron is down 8.25% now trading at $31.26 in premarket. Results:EPS est: $2.953 EPS actual: $2.97 Revenue est: $8.01B Revenue actual: $7.91B Micron has beaten on EPS 8 out of the past 8 quarters Micron has beaten on revenue 6 of the past 8 quarters Average post-ER move: 6.18% Implied post-ER move: 8.39% 2.97 P/E and 3.59 FW P/E 21 buy ratings, 12 hold, and 1 sell Average price target $58.23 Guidance Revenue of $5.7-$6.3B Estimate of guidance was $7.26B EPS of $1.65-$1.85 Estimated guidance was $2.39 $MU, Micron Technology, Inc. / H1 At what Price will MU stock close at? Post your forecast below. Related: MU will pull $AMAT, $LRCX, $TSM, $TSEM lower. $NVDA, $AMD may fall in sympathy.