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Micron earnings are only hours away. Here's everything investors need to know.
MarketWatch • • business
Key Points:
- Micron's influence on the S&P 500 has significantly increased over the past year, moving from the ninth-biggest contributor to earnings growth in Q3 last year to third place in the first half of this year.
- The company is projected to become the top contributor to the S&P 500's quarterly profit growth, with adjusted earnings per share expected to surge 947% in the August quarter compared to the previous year.
- Analysts forecast overall S&P 500 earnings growth of 29.1% for the third quarter, but excluding Micron, growth would drop to 24%, highlighting Micron's substantial impact on the index's performance.
