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Technology Stocks : Semi Equipment Analysis

SOXX 299.48

-4.8%

Dec 12 4:00 PM EST

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To: Return to Sender who wrote (91200)	11/28/2023 9:32:55 AM
From: Return to Sender	of 95579

DJ Micron Lifts 1Q Revenue Outlook, But Expects Higher Operating Expenses 9:29 AM ET 11/28/23 \| Dow Jones Micron Technology expects revenue for its fiscal first quarter to come in better than it initially forecast, but the memory-chip maker also warned its operating costs will be higher. The company is now forecasting revenue of about $4.7 billion for the fiscal quarter, which ends Nov. 30. That is up from the company's previous revenue guidance of $4.2 billion to $4.6 billion. Micron said the quarter benefited from a better balance of supply and demand that led to a better pricing environment. At the same time, Micron is now forecasting quarterly operating expenses of about $1.1 billion, up from its prior forecast of about $1.01 billion. The company is targeting an adjusted loss of about $1 a share, compared with a prior forecast of $1 a share to $1.14 a share. Write to Will Feuer at Will.Feuer@wsj.com

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