Micron tops Q4 estimates, forecasts $38.15 EPS on about $61.5 billion revenue for Q1
Micron Technology reported fourth-quarter adjusted earnings of $33.42 per share and revenue of $54.23 billion, both above market expectations. The company forecast first-quarter adjusted earnings of $38.15 per share on about $61.5 billion in revenue, also well ahead of analysts’ projections. Wall Street remained bullish, with a $1,550 price target implying nearly 46% upside from Wednesday’s close.