Will the Micron Stock Split Happen Now After Its Blowout Earnings Results?
With demand for its memory and storage products driven by AI, Micron's stock price keeps climbing, and shareholders anxiously anticipate a stock split.
Overview
For its fiscal third-quarter earnings report, Micron Technology (NASDAQ: MU) announced monster results. Earnings per share (EPS) of $25.11 and revenue of $41.5 billion easily beat Bloomberg analyst consensus EPS estimates of $20.39 and revenue estimates of $35.1 billion.
For its upcoming fiscal fourth quarter, the memory chipmaker expects revenue to fall in the range of $49 billion to $51 billion. That would beat analysts' consensus estimates of $43.2 billion.
Details
Those results gave the stock price an immediate boost after earnings, pushing it above $1,000 per share. That may leave some wondering whether a stock split is now more likely in the company's foreseeable future.
Source
Originally published at www.fool.com.