| 2020-12-01 09:11:18|
MU 09:11 12/01 12/01/20
Micron rallies after raising Q1 outlook ahead of presentation
Ahead of Micron Technology CEO Sanjay Mehrotra's presentation today at the Credit Suisse Annual Technology Conference, the company increased its outlook for fiscal Q1, which ends on December 3. Micron raised its Q1 earnings per share outlook to 69c-73 from 40c-54c, and its Q1 revenue outlook to $5.70B-$5.75B from $5.0B-$5.4B. Shares of Micron are up 3%, or $2.11, to $66.20 in premarket trading.