Market News / Story
MU — Micron Crushes Estimates but Shares Barely Move. What Happened?
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Revenue 5x’ed and contracted demand reached $150 billion. The muted stock reaction shows just how high expectations have become. Micron clears an exceptionally high bar Micron’s MU fiscal fourth-quarter revenue reached a record $54.23 billion, up from $11.32 billion a year earlier and comfortably above the $51.07 billion expected. Adjusted earnings climbed to $33.42 per share, beating the $31.61 consensus and rising from $3.03 last year. GAAP net income surged to $37.7…