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Micron Raises Revenue, Earnings Forecast for Second Quarter

Micron Raises Revenue, Earnings Forecast for Second Quarter Bloomberg 3/3/2021 © Photographer: Tomohiro Ohsumi/Bloomberg Micron Technology (Bloomberg) Micron Technology Inc., the largest U.S. maker of memory chips, raised its forecast for revenue and earnings in the current quarter helped by demand for memory chips used in phones and computers. Popular Searches Revenue in the current period will be $6.2 billion to $6.25 billion, Micron said Wednesday in a statement. That’s up from a previous range of as much as $6 billion. The Boise, Idaho-based company forecast profit, excluding certain items, of 93 cents to 98 cents, up from a prior range of 68 cents to 82 cents.

Micron Gives Bullish Revenue Forecast Indicating Strong Demand

Jan 08 2021, 6:00 PM January 08 2021, 2:54 AM January 08 2021, 6:00 PM (Bloomberg) Micron Technology Inc., the largest U.S. maker of memory chips, gave a bullish forecast for the current period indicating improving demand for its products used in phones and computers.Revenue will be $5.8 billion, plus or minus $200 million, in the fiscal second quarter, the Boise, Idaho-based company said Thursday in a statement. That compares with an average analyst estimate of $5.48 billion. Earnings per share, exc. (Bloomberg) Micron Technology Inc., the largest U.S. maker of memory chips, gave a bullish forecast for the current period indicating improving demand for its products used in phones and computers.

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