Changes in US stocks | Q4 earnings report exceeded expectations but failed to impress the market, Micron Technology (MU.US) fell 2.9%

The Zhitong Finance App learned that on Thursday, the stock price of Micron Technology (MU.US) fell. As of press release, the stock had fallen 2.9% to 1,033 US dollars. The company's latest earnings report, which was previously released, failed to impress the market. Micron Technology's revenue for the fourth fiscal quarter was US$54.23 billion, higher than analysts' expectations of US$51.49 billion; revenue guidance for the next fiscal quarter was approximately US$61.5 billion, higher than analysts' expectations of US$56.8 billion. The core data center business revenue was US$18.0 billion, up about 56% month-on-month, up about 1042% year-on-year, with a gross profit margin of 90%. It is the business unit with the highest revenue, accounting for about one-third of total revenue.