Why Micron Stock Crashed 16% Today
Computer memory maker Micron (NASDAQ: MU) stock tumbled 16.5% through 9:45 a.m. ET Wednesday despite the company reporting earnings that equaled or exceeded the targets Wall Street had set for it in fiscal Q1 2025.
Expected to report $1.77 per share in profit on $8.7 billion in sales, Micron actually reported $1.79 per share in profit and sales of $8.71 billion -- beating on both top and bottom lines, if only just barely.
Not all Micron's news was good. The company may have earned $1.79 per share adjusted for one-time items (i.e. non-GAAP). But Micron's earnings when calculated according to generally accepted accounting principles (GAAP) were only $1.67 per share.
Source Fool.com
Micron Technology Inc. Stock
€362.40
3.690%
The stock is one of the favorites of our community with 138 Buy predictions and 1 Sell predictions.
As a result the target price of 385 € shows a slightly positive potential of 6.24% compared to the current price of 362.4 € for Micron Technology Inc..
