Will the Micron Stock Split Happen Now After Its Blowout Earnings Results?

For its fiscal third-quarter earnings report, Micron Technology (NASDAQ: MU) announced monster results. Earnings per share (EPS) of $25.11 and revenue of $41.5 billion easily beat Bloomberg analyst consensus EPS estimates of $20.39 and revenue estimates of $35.1 billion.

For its upcoming fiscal fourth quarter, the memory chipmaker expects revenue to fall in the range of $49 billion to $51 billion. That would beat analysts' consensus estimates of $43.2 billion.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

Those results gave the stock price an immediate boost after earnings, pushing it above $1,000 per share. That may leave some wondering whether a stock split is now more likely in the company's foreseeable future.

There's a perception that stock splits have benefits, but that can be separated between what's more concrete and what's investor psychology. There is evidence that stock splits can help push prices higher, according to data published by Statista

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/micron-stock-split-happen-now-170500015.html)