Micron Crushes Earnings. The Stock Is Rising.
Market Intelligence Analysis
AI-PoweredMicron Technology reported better-than-expected earnings results, exceeding Wall Street's consensus estimate for both EPS and revenue, leading to a stock price increase.
Market impact analysis based on bullish sentiment with 75% confidence.
Article Context
Micron Technology reported better-than-expected earnings results Wednesday afternoon. For the November quarter, the chip company reported earnings per share of $4.78, compared to Wall Street’s consensus estimate of $3.96, according to FactSet. Revenue came in at $13.6 billion, which was above analysts’ expectations of $12.9 billion.
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