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
€205.45
-6.720%
With 113 Buy predictions and not a single Sell prediction Micron Technology Inc. is an absolute favorite of our community.
With a target price of 231 € there is a slightly positive potential of 12.44% for Micron Technology Inc. compared to the current price of 205.45 €.
