Does Micron's New and Improved Price Make Sense After Earnings?
Analyst earnings forecasts are already obsolete, and Micron will beat again in Q4 -- and for the year.
Does Micron's New and Improved Price Make Sense After Earnings?
Overview
Computer memory specialist Micron (NASDAQ: MU) stock surged 19.2% Thursday morning after crushing analyst forecasts for fiscal Q3 earnings.
Wall Street had expected Micron to earn $20.78 per share, adjusted for one-time items, on $35.8 billion in quarterly sales. Micron actually earned $25.11 per share, and its sales quadrupled year over year to $41.5 billion.
Image source: Micron.
Details
Source
Originally published at www.fool.com.
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