Diamonds and Dogs

12/19/24

Accenture (ACN) jumps on earnings. The professional service company is up 7% after beating estimates and raising guidance thanks to strong demand for both consulting and managed services, and across each market and industry group while also gaining market share.

Micron (MU) taking a hit following earnings and guidance. The DRAM chipmaker is down 16% on heavy volume after beating earnings on inline sales, but then providing weak guidance for the current quarter on weak pricing and consumer softness. Management is optimistic about a return to growth in the second half of the year.

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