Micron Technology Inc

MU: XNAS (USA)
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Micron: Positive Preearnings Announcement Reflects Robust Short-Term Pricing

Micron Technology raised its fiscal fourth quarter (August-end) guidance, citing stronger dynamic-random-access-memory, or dram, pricing. The new guidance implies $500 million more revenue (new midpoint $11.2 billion) and 250 basis points more non-GAAP gross margin (new midpoint 44.5%).

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