U.S. Movers: Micron, MillerKnoll, Raymond James

Scott Peters
26 Jun, 2025
New York City

Micron Technology Inc. gained 0.9% to $128.45 after the memory and storage solution provider reported results for the fiscal third quarter ending on May 29.

Revenue edged up to $9.30 billion from $6.81 billion, net income surged to $1.88 billion from $332 million, and diluted earnings per share rose to $1.68 from 30 cents a year ago.

The company guided fourth-quarter revenue to be between $10.7 billion and $300 million, compared to $7.75 billion, and diluted earnings per share between $2.29 and 15 cents, compared to 79 cents a year earlier, respectively.

Non-GAAP diluted earnings per share are estimated between $2.50 and 15 cents in the fourth quarter, compared to $1.18 a year ago.

Raymond James Financial Inc. traded flat at $151.73 after the financial services company released its monthly operating data.

Client assets under administration in May increased 9% to $1.58 trillion from $1.45 trillion a year ago and were up 3% over the preceding month, as private client assets grew 13% and private client assets in fee-based accounts advanced 12%.

Financial assets under management grew 12% to $245.2 billion from $226.0 billion in the prior year.

The company said clients’ domestic cash sweep and Enhanced Savings Program balances of $54.2 billion declined 4% from the previous year and 3% sequentially over the preceding month.

MillerKnoll Inc. gained 10.5% to $19.47 after the office furniture maker reported results for the fiscal fourth quarter ending on May 31.

Net sales increased to $961.8 million from $889.9 million, net income swung to a loss of $57.1 million from a profit of $9.9 million, and diluted earnings per share swung to a loss of 84 cents from a profit of 14 cents a year ago.

Overall orders increased 11.1% to $1.04 billion, and up 10.7% organically from a year earlier.

For the full year, net sales jumped to $3.67 billion from $3.63 billion, net income swung to a loss of $36.9 million from a profit of $82.3 million, and diluted earnings per share swung to a loss of 54 cents from a profit of $1.11 a year earlier.