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Micron Technology's Q2 adjusted revenue guidance exceeded expectations

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Micron Technology's second quarter adjusted revenue guidance exceeded expectations. Micron Technology announced its first quarter results for the 2024 fiscal year on December 20 local time. The first quarter's adjusted revenue was $4.73 billion, with analysts expecting $4.54 billion, compared to $4.09 billion in the same period last year; After adjusting for the first quarter, the loss per share was $0.95, and analysts expected a loss of $1.00 per share; After adjusting for the first quarter, the operating loss was 955 million US dollars, with analysts expecting a loss of 1.05 billion US dollars; Expected adjusted revenue for the second quarter is $5.1 billion to $5.5 billion, with analysts expecting $4.99 billion; It is expected that the adjusted second quarter loss per share will range from $0.21 to $0.35, while analysts expect a loss of $0.62 per share.
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