Micron climbs 6% after boosting sales guidance by more than expected
GAAP earnings per share:Micron raised the lower end of its revenue guidance by $600 million. Micron's previous revenue guidance for the third quarter was a range of $4.6 billion to $5.2 billion.Billionaire investor Mario Gabelli's flagship fund has delivered a 3,082% return since its inception. He told us his 13 favorite stocks right now — and the trends he's betting on for a post-coronavirus world.
The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semiconductor Index turning positive for the day after Micron's news. The iShares PHLX SOX Semiconductor ETF was up a half percent Wednesday afternoon, after being down as much as 2.5% Wednesday morning. Prior to the guidance announcement, Micron traded down as much as 4% to $43.90 in Wednesday morning trading. The semiconductor company filed the 8-K in connection to remarks made by CEO Sanjay Mehrotra at the 2020 Bernstein Strategic Decisions Conference.Robinhood says it's fixed an issue that showed incorrect portfolio values for users »
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dow climbs 325 points as investors cheer efforts to boost global economies | Markets InsiderUS stocks rose Wednesday as investors were encouraged by signs that global authorities are taking measures to boost economies. The European Comm...
Weiterlesen »
European markets head for higher open on global vaccine hopesEuropean stocks are expected to open higher on Tuesday, tracking positive global market sentiment.
Weiterlesen »
14 Fashion Insiders on the Best Strapless Bras on the Market\u201cTo be honest, my favorite strapless bra is no bra, however, when I absolutely have to wear one my go-to is the Commando Bandaeu Bra. It has been a lifesaver one too many times for me. It's the perfect combination of comfort and functional. I actually have three of the same one!\u201d Adrienne Faurote, Powers PR
Weiterlesen »
Domino's U.S. same-store sales rose 14% in first two months of the quarterDomino's Pizza said Tuesday that its U.S. same-store sales climbed 14% during the first two months of its second quarter.
Weiterlesen »
Ralph Lauren posts bigger-than-expected loss as lockdowns hammer salesRalph Lauren Corp posted a bigger-than-expected quarterly loss on Wednesday as stores across the world that sell its jackets, coats and Polo shirts were forced to close due to the COVID-19 pandemic.
Weiterlesen »
Katie Miller returns to work and announces expected child with Stephen - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »