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Closing Bell: Micron Forecast Tops Estimates
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, David Gura and Christina Ruffini.
Micron Technology Inc. (MU) the largest US maker of memory chips, gave a sales forecast for the current quarter that exceeded estimates after the AI build-out fueled unprecedented demand.
Revenue will be about $61.5 billion in the fiscal first quarter, which runs through November, the company said in a statement Wednesday. Analysts estimated $56.8 billion on average. Excluding some items, profit will be about $38.15 a share, compared with a projection of $36.02.
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