5 Tailwinds That Will Propel Micron's Stock Higher in 2021
Micron's (NASDAQ: MU) stock recently dipped after the memory chipmaker posted its fourth-quarter earnings. Its revenue rose 24% year-over-year to $6.06 billion, beating estimates by $170 million, while its adjusted EPS jumped 93% to $1.08 and exceeded expectations by $0.11.
Those headline numbers were impressive, but its first-quarter guidance broadly missed expectations. It expects its revenue to rise 1% year-over-year at the midpoint, and for its earnings to slip 2%. Analysts had expected its revenue and earnings to rise 4% and 42%, respectively.
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Source Fool.com
