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Stock Market & Financial Investment News

News Breaks
December 20, 2012
15:06 EDTMUEarnings Preview: Micron looks to continue run, up 13% since last report
Micron (MU) is expected to report Q1 earnings after the close on Thursday, December 20, with a conference call scheduled for 4:30 pm ET. Micron manufactures semiconductor devices, principally Dynamic Random Access Memory, or DRAM, NAND Flash and NOR Flash memory... EXPECTATIONS: Analysts are looking for earnings per share of (20c) on revenue of $2.01B. The consensus range is (29c)-(3c) for EPS on revenue of $1.76B-$2.18B, according to First Call... LAST QUARTER: Micron suffered a Q4 loss that was worse than expected, reporting Q4 EPS (24c), compared to consensus of (22c). Q4 revenue also missed expectations at $1.96B, compared to consensus $2.12B. The company said sales of NAND Flash products were 12% lower in Q4 compared to Q3, due to an 11% decrease in sales volume. Also, Q4 DRAM sales were down 9% sequentially due to a 9% decrease in sales volume, while sales of NOR Flash products were approximately 12% of total net sales for Q4... RESEARCH AND REPORTS: Immediately following Micron's Q4 report, research firm RW Baird said Micron's valuation remained attractive and reiterated its Outperform rating and $10 price target. In recent days, DigiTimes, a news source focused on the semiconductor, electronics, computer and communications industries, reported that DRAM contract prices have increased 1%-2% in the first half of this month. DigiTimes also said NAND flash prices dropped 1%-2% in the first half of December... PRICE ACTION: Since the first day of trading after last quarter's report, shares of Micron have advanced about 13%. In late afternoon trading ahead of tonight's report, Micron is down 2c, or 0.29%, to $6.80.
News For MU From The Last 14 Days
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September 22, 2014
09:03 EDTMUMicron margin poised to expand, says Stifel
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September 19, 2014
14:09 EDTMUMicron volatility elevated into Q4 an outlook
Micron September weekly call option implied volatility is at 67, October weekly is at 54, October is at 41. November is at 39, January is at 38; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on September 25.
11:23 EDTMUStocks with call strike movement; YHOO MU
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September 18, 2014
06:45 EDTMUMobile DRAM bit growth to reach 37.5% in 2H14, DigiTimes Research reports
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September 16, 2014
09:36 EDTMUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX TSLA YHOO FB PBR MU AA TWTR WMT
September 15, 2014
11:56 EDTMUStocks with call strike movement; MU GILD
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September 14, 2014
18:10 EDTMUMicron looks to expand to autos and wearables, WSJ says
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September 10, 2014
10:44 EDTMUMicron mentioned positively at Raymond James
September 9, 2014
07:22 EDTMURaymond James to hold a conference
North American Equities Conference to be held in London, England on September 9.

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