Micron Falls 5.83% to $910.43 as Market Drop Lags 0.28% S&P 500 Slip
Updated
Updated · Yahoo Finance · Aug 24
Micron Falls 5.83% to $910.43 as Market Drop Lags 0.28% S&P 500 Slip
2 articles · Updated · Yahoo Finance · Aug 24
Summary
$910.43 marked Micron's close, down 5.83% on the day and trailing a broader market that saw the S&P 500 fall 0.28%, the Nasdaq lose 0.77% and the Dow edge up 0.26%.
Despite the selloff, Micron still gained 4.98% over the past month, outperforming the Computer and Technology sector's 1.04% rise and the S&P 500's 2.31% advance.
Upcoming results are the next key catalyst: analysts expect quarterly EPS of $31.39 and revenue of $50.76 billion, up 935.97% and 348.58% year over year.
For the full year, consensus calls for EPS of $73.86 on $129.61 billion in revenue, while the stock's forward P/E of 13.09 remains below its industry's 21.14 average.