On Tuesday, Shares of Micron Technology, Inc. (NASDAQ:MU), lost -0.57% to $24.49, on reports that a weak PC market may hurt third quarter earnings, according to Barron’s.
Due to continued weakness in demand for personal computers and an oversupply of related semiconductors in Chinese warehouses, there’s still a chance that Micron Technology reports a loss as the PC end market continues to struggle, Benzinga noted.
Wedbush analysts believe that new Micron CEO Ernie Maddock is likely to take the bar down low bringing another reset to Street estimates, and the firm is lowering revenue and EPS estimates for the fiscal fourth quarter to $4 billion and 62 cents, respectively, from $4.17 billion and 77 cents.
Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.
Shares of SeaDrill Limited (NYSE:SDRL), inclined 0.28% to $10.90, during its last trading session, as oil futures settled near a two-week high on Tuesday, with analysts attributing the bounce to technical price triggers, expectations for a weekly decline in U.S. crude supplies and a U.S. plan to assist Europe defend against security threats, which highlighted U.S. tensions with Russia.
The U.S. crude-oil benchmark, known as West Texas Intermediate, settled up 63 cents, or 1%, at $61.01 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose $1.11, or 1.8%, to $64.45 a barrel on ICE Futures Europe. WSJ Reports.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments.
Finally, UnitedHealth Group Incorporated (NYSE:UNH), ended its last trade with 2.07% gain, and closed at $122.74.
UnitedHealth Group Incorporated, will release its financial results for the second quarter of 2015 on Thursday, July 16, 2015, before the market opens, and host a teleconference at 8:45 a.m. EDT to talk about the results with analysts and investors.
UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals.
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