What You Need To Know Ahead of Micron's Earnings Report Wednesday

Like
Comment
Favorite

What You Need To Know Ahead of Micron's Earnings Report Wednesday

Blockhead09-21

Key Takeaways Micron Technology will report fiscal fourth-quarter earnings after the bell Wednesday.Analysts expect the memory chip maker and Nvidia partner to swing to a profit and post higher ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2469968751?lang=en_US&edition=fundamental","thumbnail":"https://www.investopedia.com/thmb/mJE1kIWfAx9IJWvp0DHD39Ew5wI=/4000x2662/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-21479100021-6efa1b38e5b749dba693ffe1c036effb.jpg","is_english":true,"pubTime":"2024-09-21 19:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2469968751","market":"us","top_or_hot":-1,"title":"What You Need To Know Ahead of Micron's Earnings Report Wednesday","media":"Blockhead","content":"<div>\n<p>Key Takeaways\nMicron Technology will report fiscal fourth-quarter earnings after the bell Wednesday.Analysts expect the memory chip maker and Nvidia partner to swing to a profit and post higher ...</p>\n\n<a href=\"https://www.investopedia.com/micron-technology-q4-fy2024-earnings-preview-8716098\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What You Need To Know Ahead of Micron's Earnings Report Wednesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat You Need To Know Ahead of Micron's Earnings Report Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-21 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/micron-technology-q4-fy2024-earnings-preview-8716098><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nMicron Technology will report fiscal fourth-quarter earnings after the bell Wednesday.Analysts expect the memory chip maker and Nvidia partner to swing to a profit and post higher ...</p>\n\n<a href=\"https://www.investopedia.com/micron-technology-q4-fy2024-earnings-preview-8716098\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MU","symbol_name":"美光科技","start_time":0,"source_url":"https://www.investopedia.com/micron-technology-q4-fy2024-earnings-preview-8716098","article_id":"2469968751","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/mJE1kIWfAx9IJWvp0DHD39Ew5wI=/4000x2662/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-21479100021-6efa1b38e5b749dba693ffe1c036effb.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469968751","pubTimestamp":1726916400,"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Micron Technology will report fiscal fourth-quarter earnings after the bell Wednesday.Analysts expect the memory chip maker and Nvidia partner to swing to a profit and post higher revenue year-over-year.Investors will also likely be watching for updates on Micron's inventory levels.Micron Technology  will report fiscal fourth-quarter earnings after the bell Wednesday, with analysts expecting the memory chip maker and Nvidia  partner to swing to a profit.The Street expects the company to report net income of $975.41 million for the quarter, compared to a loss of $1.43 billion a year earlier. Revenue is projected to nearly double to $7.66 billion, according to estimates compiled by Visible Alpha.However, the analysts said inventory buildup could ease by the end of the year, adding they \"expect Micron’s revenue and gross margins to increase for the next several quarters.\". Micron shares rose close to 2% to $90.90 Friday and have gained about 6.5% since the start of the year.Do you have a ","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MU":"美光科技"},"translate_title":"在美光科技周三发布收益报告之前您需要了解什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MU":1},"content_text":"Key Takeaways\nMicron Technology will report fiscal fourth-quarter earnings after the bell Wednesday.Analysts expect the memory chip maker and Nvidia partner to swing to a profit and post higher revenue year-over-year.Investors will also likely be watching for updates on Micron's inventory levels.\n Micron Technology (MU) will report fiscal fourth-quarter earnings after the bell Wednesday, with analysts expecting the memory chip maker and Nvidia (NVDA) partner to swing to a profit.\n\n\n The Street expects the company to report net income of $975.41 million for the quarter, compared to a loss of $1.43 billion a year earlier. Revenue is projected to nearly double to $7.66 billion, according to estimates compiled by Visible Alpha.  \n\n\n \n\n\n\n\n\n\n\n \n Analyst Estimates for Q4 2024\n Q3 2024\n Q4 2023\n\n\nRevenue\n$7.66 billion\n$6.81 billion\n $4.01 billion\n\n\nDiluted EPS (Loss)\n84 cents\n30 cents\n ($1.31)\n\n\nNet Income (Loss)\n$975.41 million\n$332 million\n ($1.43 billion)\n\n\n\n\n  Key Metric: Inventory  \n Micron has grappled with growing inventories, and Citi analysts recently lowered their price target for the stock to $150 from $175, citing its high inventory and weakness in demand for legacy memory components.\n\n\n However, the analysts said inventory buildup could ease by the end of the year, adding they \"expect Micron’s revenue and gross margins to increase for the next several quarters.\"\n\n\n The analyst consensus for Micron’s fiscal first quarter of 2025 is revenue of $8.4 billion and EPS of $1.45, according to Visible Alpha.\n\n\n  Business Spotlight: Demand Signals  \n Morgan Stanley analysts also lowered their price target for Micron to $100 from $140 ahead of the company's earnings report, pointing to high inventories and signs of \"persistently weak demand across all end markets except AI.\"\n\n\n Micron could see demand improve next year, the analysts said, fueled by \"an AI-driven upgrade cycle for edge devices, continued strength in datacenters, and the potential for a traditional server refresh.\"\n\n\n Micron shares rose close to 2% to $90.90 Friday and have gained about 6.5% since the start of the year.\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}