Micron Technology shares jumped more than 7% in premarket trading

Tiger Newspress2021-12-21

Micron Technology shares jumped more than 7% in premarket trading.

Micron Technology Inc on Monday delivered stronger quarterly results than Wall Street expected as data centers and electric vehicle manufacturers drove demand for its chips, and it forecast second-quarter sales and profits will also beat estimates with chip shortages easing in 2022.

Micron also disclosed that it has struck deals with its own suppliers to ease bottlenecks in its supply chain.

In the first quarter, Micron reported sales of $7.69 billion, above analyst expectations of $7.67 billion, according to Refinitiv data. Micron earned $2.16 per share on an adjusted basis, beating expectations of $2.11 per share.

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Comments

  • Newbie_21
    2021-12-21
    Newbie_21
    Go to the moon pls.. 
  • wywy
    2021-12-21
    wywy
    go. go.
  • Mtan23
    2021-12-21
    Mtan23
    Nice 
  • ATM228
    2021-12-21
    ATM228
    O Micron... 
  • Jawslea
    2021-12-21
    Jawslea
    Micron Technology Inc on Monday delivered stronger quarterly results than Wall Street expected.
  • PrimeBlue
    2021-12-21
    PrimeBlue
    Go go Micron!
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