{"id":197159,"date":"2023-12-21T15:39:44","date_gmt":"2023-12-21T15:39:44","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=197159"},"modified":"2023-12-21T15:39:44","modified_gmt":"2023-12-21T15:39:44","slug":"micron-technology-shares-rise-7-after-reporting-narrower-loss-in-q1","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/micron-technology-shares-rise-7-after-reporting-narrower-loss-in-q1\/","title":{"rendered":"Micron Technology Shares Rise 7% After Reporting Narrower Loss In Q1"},"content":{"rendered":"<p> Shares of chipmaker Micron Technology, Inc. (MU) are rising more than 7% Thursday morning after reporting narrower loss in the first quarter than expected by analysts. The company also provided second-quarter outlook above the consensus estimate.<\/p>\n<p>Micron reported loss of $1.23 billion, or $1.12 per share for the first quarter, wider than $195000 or $0.18 per share last year.<\/p>\n<p>Excluding one-time items, loss was $1.05 billion, or $0.95 per share. The consensus estimate of analysts polled by Thomson-Reuters stood at $0.97 loss per share.<\/p>\n<p>Revenue for the quarter increased to $4.73 billion from   $4.09 billion for the same period last year<\/p>\n<p>For the second quarter, the company expects revenue to be $5.30 billion \u00b1 $200 million and adjusted loss per share to be $0.28 \u00b1 $0.07. Analysts expect the company to report loss of $0.62 per share on revenue of $5.03 billion for the quarter.<\/p>\n<p>Micron shares, currently at $84.77, has traded in the range of $48.43 &#8211; $86.02 in the last 1 year. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3413092\/micron-technology-shares-rise-7-after-reporting-narrower-loss-in-q1.aspx?utm_source=rttnews&#038;utm_campaign=stockalerthome\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of chipmaker Micron Technology, Inc. (MU) are rising more than 7% Thursday morning after&#8230;<\/p>\n","protected":false},"author":4,"featured_media":197158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Micron Technology Shares Rise 7% After Reporting Narrower Loss In Q1 - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/bitcoin\/micron-technology-shares-rise-7-after-reporting-narrower-loss-in-q1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Micron Technology Shares Rise 7% After Reporting Narrower Loss In Q1 - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Shares of chipmaker Micron Technology, Inc. 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