Micron (MU) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Micron (MU) closed at $42.24, marking a +0.48% move from the previous day. This move outpaced the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.39%, and the tech-heavy Nasdaq lost 0.09%.
Prior to today's trading, shares of the chipmaker had lost 3.07% over the past month. This has was narrower than the Computer and Technology sector's loss of 5.18% and the S&P 500's loss of 5.58% in that time.
MU will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.46, down 86.97% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.50 billion, down 46.69% from the year-ago period.
MU's full-year Zacks Consensus Estimates are calling ...