Wall Street Expects Micron to Earn $31 A Share This Quarter: That’s 10x From Last Year
Micron reports fiscal Q4 results Sept. 30. The Street sees $31.16 a share versus $3.03 last year, yet the stock trades near 6x earnings.
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Why It Matters
Micron's profits are expected to jump way up this quarter. When profits grow that fast, it helps explain why the stock price is where it is.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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