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Micron Technology Inc.
Information Technology - Semiconductors | June 20 AMC
Micron Technology Inc. (MU) is set to release their FQ3 ‘18 on Wednesday, June 20, after the market closes. Both Estimize and Wall Street expect an EPS of $3.14 – a 94% YoY growth. Estimize consensus predicts a revenue of $7.728B (39% YoY growth) while Wall Street predicts $7.697B. Estimize MU Revenue predictions have beaten Wall Street’s 63% of the time.
Micron is the leading microchip stock. The company produces and markets many semiconductor components. On May 21st the company announced a $10 billion share repurchase program and they plan to return 50% of free cash flow to stockholders starting in the next fiscal year. They have raised their guidance for FQ3 ‘18 from in between $7.2B-$7.6B to $7.7B-$7.8B. Micron has also made a deal with Intel to make 3D NAND flash memory chips. These are all very positive signs for Micron’s upcoming earnings report.
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