Trending: Micron Boosts 1Q Revenue Outlook
November 28 2023 - 2:48PM
Dow Jones News
14:15 ET -- Micron Technology is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. The producer of computer data storage
said as a result of better supply and demand balance and improved
pricing, it expects first-quarter revenue will approach $4.7
billion, up from prior guidance for $4.2 billion to $4.6 billion.
Micron expects an adjusted loss of about $1.17 a share. Operating
expenses are seen higher at about $990 million. The stock is down
more than 3% at $75.09. Dow Jones & Co. owns Factiva.
(jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
November 28, 2023 14:33 ET (19:33 GMT)
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