Rate Of Return
NVIDIA Return Rate$Micron Tech(MU.US) shares jumped 13% in after-hours trading following fiscal Q3 results and a Q4 outlook that significantly beat Wall Street expectations.
Fiscal Q3 Performance
* Revenue: Surpassed expectations ($35.69 billion) by climbing more than four-fold year-over-year to $41.46 billion.
* Adjusted Earnings: Soared 13X to $25.11 per share, outperforming the projected $20.49 and accelerating past Q2's 7.8X growth.
Fiscal Q4 Outlook
* Revenue Guidance: Projected at $50 billion (+/- $1 billion), easily beating the Bloomberg consensus of $43.24 billion.
* Adjusted Earnings Guidance: Expected to reach $31 per share (+/- $1), well ahead of the $25.31 analysts anticipated.
On closing, the food for thought is that the market now needs such kind of overwhelming beats with a dust-free forward guidance to support a rally. Scary?
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