Micron: stocks fall after the forecast for the sector of smartphones and computers

Micron's stock has plummeted

The American giant warned that revenue would be $7.2 billion, well below the $9.14 billion estimated by consensus.

Excluding some extraordinary balance sheet items, earnings per share will also be only $1.63, which is much lower than the $2.57 expected by analysts.

The prospects for Micron Technology contribute to concerns about the risk of a sharp slowdown in two key sectors of Micron memory chips: the computer industry and the smartphone industry.


Bloomberg notes that consumers and companies are slowing down the pace of their spending and investment, respectively, fearing the onset of a recession in the world's leading economies.



0 Comments

Post a Comment

Articles

Latest post
Micron's stock has plummeted
21 / 02 / 22

Review of Money Market Funds

When rates rise in the US. A couple of years ago, the yield in such a fund could be at the level of 1.5-2% in dollars, and this is higher than any bank deposit in foreign currency.

Micron's stock has plummeted
17 / 02 / 22

Trading. The main mistakes that hinder progress

You must base your trading system (no matter if you are scalping, intraday or swing trading) on the mechanics of the market and understanding the market situation.

Micron's stock has plummeted
09 / 12 / 21

How to understand trading signals in the forex market.

A couple of simple examples of the interpretation of forex signals that help to make a good deal. Overview of the main types of trading signals in financial markets.

Interested in cooperation?

Get in touch with us

Contact Us