Micron Stock: What to Expect from the Third Quarter Earnings
Micron stock is trading higher as Micron Technology, Inc. (NASDAQ:MU) is scheduled to report its earnings after the close of markets on Tuesday.
Micron Technology is on the cusp of reporting disappointing financial results for its fiscal third quarter. Analysts expect the company to report a profit of $800 million compared to $3.8 billion reported last year as the company was riding high.
Let’s analyze the upcoming earnings.Micron Earnings Expectation
Analysts polled by FactSet expect the company to post adjusted earnings of 80 cents a share, down from $1.36 expected as ...