US Stock Market Move | Q4 earnings beat expectations but failed to impress the market, Micron Technology, Inc. (MU.US) fell 2.9%.
As of press time, the stock fell 2.9% to $1,033.
On Thursday, Micron Technology, Inc. (MU.US) shares moved lower, falling 2.9% as of press time to $1,033. The company's latest earnings report failed to impress the market. Micron Technology, Inc. reported fourth-quarter revenue of $54.23 billion, above analysts' expectations of $51.49 billion; revenue guidance for the next fiscal quarter is approximately $61.5 billion, above analysts' expectations of $56.8 billion. Core data center business revenue was $18.00 billion, up about 56% quarter-over-quarter and up about 1,042% year-over-year, with a gross margin of 90%, making it the highest-revenue business unit, accounting for about one-third of total revenue.
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