Micron Technology Inc. (NASDAQ:MU) stock is trading higher on Wednesday, as investors position themselves ahead of the semiconductor company’s fiscal third-quarter earnings report scheduled after the market close.
According to Benzinga Pro estimates, options markets are bracing for a high-volatility event, pricing in an implied move of approximately 14% in either direction. Nasdaq futures are up 0.43% while S&P 500 futures have gained 0.22%.
Lofty Expectations For Revenue And Earnings
Wall Street maintains high expectations for the memory manufacturer.
Analysts track consensus projections for fiscal third-quarter earnings at $20.76 per share, representing a tenfold increase from the $1.91 per share earned in the prior-year period.
