The firm expects current-quarter adjusted loss per share to be about $1. It had beforehand forecast lack of $1.07 per share, plus or minus 7 cents.
Elevate Your Tech Prowess with High-Value Skill Courses
|IIMK Advanced Data Science For Managers
|Indian School of Business
|ISB Product Management
|IIML Executive Programme in FinTech, Banking & Applied Risk Management
Micron stated it now expects income within the quarter ended Nov. 30 to method $4.7 billion, in contrast with its earlier estimate of $4.4 billion, plus or minus $200 million.
However, Micron expects adjusting working bills of $990 million in that interval, increased that its prior expectation of $900 million, plus or minus $15 million.
Shares of the corporate fell 4% in premarket buying and selling.
CEO Sanjay Mehrotra and finance chief Mark Murphy will share additional updates in a fireplace chat on the 2023 UBS Global Technology Conference on Tuesday, Micron stated.
Discover the tales of your curiosity