Micron Technology Maintains Full-Year Guidance with May Quarter Tracking Well, Shares Down 0.4% at JPMorgan Conference
Micron Technology Inc. did not update its full-year guidance during its presentation at the 53rd Annual JPMorgan Global Technology, Media and Communications Conference. The company reported that the May quarter is tracking well, supported by healthy growth in DRAM and NAND bit shipments as consumer and smartphone/PC inventories normalize. Despite this, Micron's stock experienced a slight decline of 0.4% in pre-market trading following the ongoing conference presentation.
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$MU TTN Summary of 08:40ET 53rd Annual JPMorgan Global Technology, Media and Communications Conference: No change to FY guidance; May quarter tracking well with healthy DRAM and NAND bit shipment growth as consumer and smartphone/PC inventories normalize. (Micron Technology Inc.)
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