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Micron Just Tripled Its Revenue and Wall Street Still Wasn’t Ready
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Micron Just Tripled Its Revenue and Wall Street Still Wasn’t Ready
Micron Technology just delivered one of those quarters that makes you wonder if the analysts covering the stock even bothered to update their models. Revenue nearly tripled to $23.86 billion — crushing the $20.07 billion consensus — while adjusted earnings per share came in at $12.20 versus the $9.31 Wall Street expected. And here’s the kicker: guidance for next quarter is $33.5 billion, which implies another 200%+ jump from a year ago. Let that…
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