Chipmaker Micron Technology Inc. (NASDAQ: MU) will be reporting earnings for the final three months of fiscal 2023 today after the closing bell, amid expectations for a decline in revenues.
The company’s bottom line is expected to remain in the negative territory in Q4. Market watchers forecast a loss of $1.11 per share for the August quarter, excluding one-off items, compared to earnings of $1.45 per share in the year-ago quarter. The bearish outlook reflects an estimated 44% fall in revenues to $3.69 billion.
In the third quarter, Micron incurred a third consecutive loss, but it was better than the outcome analysts had predicted. Third-quarter revenues declined a dismal 57% to $3.75 billion but exceeded Wall Street’s expectations. All four operating segments contracted in double digits.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales