Micron Stock Falls on Disappointing Outlook. Chip Shortages Remain a Factor.

2 years ago 217

This transcript is for your personal, non-commercial usage only. To bid presentation-ready copies for organisation to your colleagues, clients oregon customers sojourn http://www.djreprints.com.

https://www.barrons.com/articles/micron-earnings-stock-chip-shortage-51632864045


Sept. 28, 2021 5:21 p.m. ET

  • Order Reprints
  • Print Article

Shares of Micron Technology were down successful precocious trading Tuesday aft the institution bushed expectations for its quarterly net but failed to impressment Wall Street with its outlook.

The representation shaper reported fiscal fourth-quarter nett income of $2.72 billion, which amounts to $2.39 a share, compared with a nett net of $988 million, oregon 87 cents a share, successful the year-ago period. Adjusted for stock-based compensation, among different things, net were $2.42 a share. Revenue roseate 37%, to $8.27 billion.

The...


Read Entire Article