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Based in Boise, Idaho, Micron Technology, Inc. (MU) designs, manufactures, and sells memory and storage products, including Dynamic Random Access Memory (DRAM), NAND flash memory, NOR Flash, 3D XPoint memory, and other technologies. Valued at a market cap of almost $119.7 billion, the company’s solutions are used in computing, consumer, networking, and mobile products. It is expected to announce its fiscal Q1 earnings results on Wednesday, Dec. 18.
Ahead of this event, analysts project the semiconductor company to report a profit of $1.60 per share, up a remarkable 242.9% from a loss of $1.12 per share in the year-ago quarter. The company has a solid track record of consistently beating Wall Street's bottom-line estimates in each of the last four quarters.
