Micron Guides For 4Q Adjusted EPS to Be $2.30 a Share, Give or Take 10 Cents

By Allison Prang

Micron Technology Inc. is expecting its fourth-quarter revenue and earnings to rise from the third quarter.

The company said it expects earnings to be $2.23 a share, give or take 10 cents. It is expecting adjusted earnings to be $2.30 a share, plus or minus 10 cents a share. According to FactSet, analysts are expecting $2.18 in adjusted earnings.

The company is expecting revenue to be $8.2 billion, plus or minus $200 million. Analysts are expecting $7.88 billion.

The company expects its gross margin to be 46%, plus or minus one percent. It expects its adjusted gross margin to be 47%, plus or minus 1%.

The company is expecting operating expenses to be $955 million, plus or minus $25 million. The company is guiding for adjusted operating expenses to be $900 million, plus or minus $25 million.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

June 30, 2021 16:40 ET (20:40 GMT)

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