Micron Lifts 1Q Revenue Outlook, But Expects Higher Operating Expenses
28 Novembro 2023 - 11:59AM
Dow Jones News
By Will Feuer
Micron Technology expects revenue for its fiscal first quarter
to come in better than it initially forecast, but the memory-chip
maker also warned its operating costs will be higher.
The company is now forecasting revenue of about $4.7 billion for
the fiscal quarter, which ends Nov. 30. That is up from the
company's previous revenue guidance of $4.2 billion to $4.6
billion.
Micron said the quarter benefited from a better balance of
supply and demand that led to a better pricing environment.
At the same time, Micron is now forecasting quarterly operating
expenses of about $1.1 billion, up from its prior forecast of about
$1.01 billion.
The company is targeting an adjusted loss of about $1 a share,
compared with a prior forecast of $1 a share to $1.14 a share.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
November 28, 2023 09:44 ET (14:44 GMT)
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