Micron Technology Inc (NASDAQ:MU) stock is trending on Wednesday on the heels of the company’s quarterly results. Multiple analysts also lifted price targets following the print. Here’s what you need to know.
What To Know: Micron beat analyst estimates on the top and bottom lines in the fourth quarter, reporting revenue of $11.32 billion versus estimates of $11.22 billion, and adjusted earnings per share of $3.03 versus estimates of $2.86.
The company generated $5.73 billion of operating cash flow and $803 million of free cash flow during the quarter. Micron ended the period with $11.94 billion in cash, marketable investments and restricted cash.
Micron guided for first-quarter revenue of $12.5 billion, plus or minus $300 …