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Micron Stock Is Still Rallying After Its Strong Earnings. Wall Street Is More Bullish.

Chip maker Micron Technology’s latest earnings beat Wall Street’s forecasts.
Dreamstime
Micron Technology
did more on Thursday afternoon than just report a strong quarter and better-than-expected guidance it also suggested a brighter business outlook for next year and beyond.
As a reminder, Micron (ticker: MU) reported revenue for the fiscal first quarter ended Dec. 3 of nearly $5.77 billion, up 12% from a year ago, with non-GAAP profit of 78 cents a share. That beat the company’s own recently increased guidance and Wall Street’s estimates.
Next quarter’s guidance was impressive as well. For the fiscal second quarter ending in February, Micron projects revenue of $5.8 billion, with adjusted profit of 75 cents a share, well ahead of the previous Street consensus of $5.5 billion and 63 cents. ....

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Micron Technology to Report Fiscal First Quarter Results on Jan. 7, 2021, and Participate in Investor Event Jan. 12

Micron Technology to Report Fiscal First Quarter Results on Jan. 7, 2021, and Participate in Investor Event Jan. 12
GlobeNewswire
2020-12-10
BOISE, Idaho, Dec. 10, 2020 (GLOBE NEWSWIRE) Micron Technology, Inc. (Nasdaq: MU), announced today that it will hold its fiscal first quarter earnings conference call on Thursday, Jan. 7, 2021, at 2:30 p.m. Mountain time. A live webcast of the call will air on Micronâ€™s Investor Relations website at http://investors.micron.com/.
Micron also confirmed today that Executive Vice President and Chief Business Officer Sumit Sadana will participate in a fireside chat at the J.P. Morgan CES 2021 Investor Virtual Forum. The event will be webcast live on Tuesday, Jan. 12, at 9:25 a.m. Mountain time, also on Micronâ€™s Investor Relations website. ....

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