(Finance) – Reduction for Micron Technologywhich is trading at a loss of 6.03% on previous values.
In the third quarter of 2024, the chipmaker recorded net profits for 332 million, or 30 cents per share, versus the monstrous loss of 1.9 billion, or 1.73 dollars, a year earlier. On an adjusted basis, EPS came in at 62 cents, above the consensus of 48 cents. revenues rose from 5.82 to 6.81 billion, against the 6.67 billion estimated by analysts.
For the current quarter the guidance it is 1.08 dollars in profit and 7.60 billion in revenues compared to the 1.02 dollars and 7.59 billion estimated by the market.
The weekly analysis of the stock compared to Nasdaq 100 shows a lag behind the index in terms of the relative strength of the microchip manufacturerwhich performs worse than the reference market.
The short-term trend of MicronTechnology moderately positive, with resistance area identified at 137.1 USD and support at 130.8. Concrete possibility of a reaction towards 143.4.