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Micron Technology expects second-quarter revenue below estimates

Tan KW
Publish date: Thu, 19 Dec 2024, 10:20 AM
Tan KW
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Future Tech

  Micron Technology forecast second-quarter results below Wall Street estimates on Wednesday, as weakened prices of memory chips used in handsets and personal computers weigh on earnings.

It expects to report second-quarter revenue of $7.90 billion, plus or minus $200 million, compared to analysts' estimate of $8.98 billion, according to data compiled by LSEG.

 


  - Reuters

 

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