Latest Posts

Micron Earnings, Revenue Beat in Q4

imageStock Markets44 minutes ago (Sep 28, 2021 04:10PM ET)

(C) Reuters. Micron Earnings, Revenue Beat in Q4

By Yasin Ebrahim – Micron (NASDAQ:MU) reported Tuesday fourth quarter results that topped expectations, but delivered a gloomy outlook on the fiscal first quarter amid ongoing supply chain issues.

Micron shares lost 4.36% in after-hours trade following the report.

The company guided fiscal Q1 EPS in a range to $2.00 to $2.20 on revenue of $7.45 billion to $7.85 billion, short of consensus estimates for $2.48 on revenue of $8.49 billion.

“Q1 bit shipments will decline modestly in both DRAM and NAND from very strong levels in FQ4,” the company warned. “Some PC customers are adjusting their memory and storage purchases due to shortages of non-memory components that are needed to complete PC builds,” the company said.

Micron announced earnings per share of $2.42 on revenue of $8.27 billion. Analysts polled by anticipated EPS of $2.33 on revenue of $8.22 billion.

The tight chip supply helped boost margins to 47.3% from 34.9% a year earlier.

Stay up-to-date on all of the upcoming earnings reports by visiting’s earnings calendar

Micron Delivers Q4 Beat, But Guidance Falls Short on Supply Chain Woes

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Posts

Don't Miss