Comment on Micron climbs 6% after boosting sales guidance by more than expected (MU)

Micron climbs 6% after boosting sales guidance by more than expected (MU)

Reuters Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance to a range of $5.2 billion to $5.4 billion, according to an 8-K filed with the SEC. The company's raised guidance was well ahead of its previously forecast range of $4.6 billion to $5.2 billion and consensus third quarter revenue estimates of $4.91 billion. The announcement from Micron helped boost other chipmakers' shares, with the PHLX Semiconductor Index turning positive after the news. The semiconductor company filed the 8-K with the SEC midday on Wednesday in connection to remarks made by CEO Sanjay Mehrotra at the 2020 Bernstein Strategic Decisions Conference. Read more on Business Insider. Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance, according to an 8-K filing with the Securities and Exchange Commission. Here are the key numbers:See the rest of the story at Business InsiderNOW WATCH: We tested a machine that brews beer at the push of a buttonSee Also:'Likely to be excruciating': A notorious stock bear says investor reliance on Fed money-printing is misguided — and warns of more than 50% crash from current levelsWeWork could falter as costs spiral and social distancing hits offices, the boss of a rival real-estate group said'It works for anything I look at': BlackRock's bond chief who oversees $2.3 trillion shares the 'really simple' 3-part framework that guides every investment decision he makes — and outlines 2 factors he looks for in a company

 

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