Micron Technology is set to report fiscal second-quarter results after the market closes on Wednesday. Here’s what you need to know.
NET LOSS: The Boise, Idaho-based company’s loss is expected to narrow to $469.3 million from $2.31 billion a year earlier, according to the consensus of 11 analysts polled by FactSet.
REVENUE: The memory-chip maker’s revenue is seen rising nearly 45%, to $5.35 billion, in the quarter, according to 28 analysts polled by FactSet. The company has forecast revenue of $5.1 billion to $5.5 billion.
ADJUSTED LOSS: Stripping out certain one-time items, Micron is expected to post a per-share loss of 25 cents, according to 28 analysts polled by FactSet. The company guided for a per-share loss of 21 cents to 35 cents.
Shares rose about 19% throughout the second quarter and recently traded around $94.