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Micron Q3 Earnings: Revenue, EPS Beat Estimates As Data Center Revenue More Than Doubles, Strong Guidance On Rising AI-Driven Demand

1. Micron's Q3 revenue was $9.3 billion, beating estimates significantly. 2. Adjusted earnings per share reached $1.91, exceeding analyst expectations. 3. Operating cash flow increased to $4.61 billion, reflecting strong financial health. 4. Fourth-quarter revenue outlook is $10.7 billion, higher than consensus estimates. 5. Micron declared a quarterly dividend of $0.115 per share, signaling confidence.

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FAQ

Why Very Bullish?

Micron's strong Q3 performance and positive outlook suggest robust demand, reflecting an upward price trend. Historical patterns show that significant earnings beats lead to upward price momentum.

How important is it?

The article provides direct financial data and guidance influencing investor sentiment and stock performance. Strong earnings are pivotal for stock price movement and investor confidence.

Why Short Term?

The immediate market response to earnings can create quick price movements. Past examples, like Micron's earnings from previous years, show correlated short-term stock price appreciation following strong results.

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