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-0.0020151133501259 -0.000251889168765693 0.0198992443324937 0.0181360201511335 0.0287153652392947 0.0541561712846347 0.0602015113350126 0.0581863979848867
Stock impact report

Chipmaker Micron beats revenue, profit estimates [Reuters (UK)]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Company Research Source: Reuters
Chipmaker Micron beats revenue, profit estimates | Reuters 2 Min Read (Reuters) - U.S. chipmaker Micron Technology Inc beat analysts’ estimates for quarterly revenue and profit on Wednesday, getting a lift from demand for its memory chips used in data centers. The company’s shares, which have gained about 27 percent this year, were marginally higher in choppy after-market trading. The results come against the backdrop of a glut in the global semiconductor industry that has been triggered by waning demand for smartphones. Chipmakers are also reeling from a prolonged trade war between the United States and China, with Micron warning in September that U.S. tariffs on Chinese goods will weigh on its financial results for as much as a year. Micron has been looking to weather the slowdown by investing more on its next generation chips, as well as reducing output. Net income attributable to the company fell to $1.62 billion, or $1.42 per share, in the second quarter ended Feb. 28, from $3.31 Show less Read more
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