Micron reports better-than-expected results and anticipates lifting of share buyback restrictions
MU Micron Technology Inc
$1035.84 -4.79%
View chart & analysis → - 1Micron recorded revenue of $54.23 billion in the fourth quarter of the last fiscal year.
- 2Micron set a revenue target of $61.5 billion for this quarter.
- 3The regulation restricting Micron's share buybacks is set to expire on December 9.
So what's the key point?
Micron earned more money than expected and set a high revenue target for the next quarter. Once the regulation is lifted, the company may be able to buy back its own shares.
Source The Motley Fool +1 · View original ↗
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