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Forecast came false

Micron Raised its Guidance: $60 - $65 Next

Pity to anyone who sold Micron $MU at below $50. Not the Value Investing Way.

On its analyst day, Micron raised its guidance, as streetinsider posted.

For the fiscal third quarter, on a non-GAAP basis, the company now expects:

  • Revenue in the range of $7.70 billion to $7.80 billion compared to prior guidance of $7.20 billion to $7.60 billion.
  • Earnings in the range of $3.12 to $3.16 per share compared to prior guidance of $2.76 to $2.90 per share, based on 1,238 million diluted shares.

$MU, Micron Technology, Inc. / H1

Related: $AMAT might catch a break and return to $50. Or maybe not. Stick with $MU.

MU PT $60 - $65. Agree or disagree?

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Micron Raised its Guidance: $60 - $65 Next

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1 person

Forecast came false

Micron is stuck at $50. Wait another quarter. ER is in September.

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