Memory chips maker Micron (NYSE:MU) is set to report earnings this Wednesday after market close. Last quarter, Micron exceeded revenue expectations by 1.8%, reporting revenues of $11.32 billion, a 46% increase from the previous year. Analysts are projecting a 48.8% revenue growth to $12.96 billion this quarter, with adjusted earnings expected to be $3.92 per share. Despite a 2.5% drop in share price over the last month, Micron has a positive analyst price target of $253.19. With positive investor sentiment in the semiconductor sector, Micron’s earnings report will be closely watched for insights into industry performance.

Read more at Barchart: Micron (MU) Q4 Earnings Report Preview: What To Look For