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Top Midday Stories: Micron Shares Fall Despite Strong Earnings, Guidance; UK Regulator Investigating Boeing's Spirit Acquisition
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Top Midday Stories: Micron Shares Fall Despite Strong Earnings, Guidance; UK Regulator Investigating Boeing's Spirit Acquisition
Jun 26, 2025 9:15 AM

11:58 AM EDT, 06/26/2025 (MT Newswires) -- All three major US stock indexes were up over 0.5% in midday trading Thursday as the S&P 500 marches toward a record high set in February.

In company news, Micron Technology ( MU ) reported fiscal Q3 non-GAAP net income late Wednesday of $1.91 per diluted share, up from $0.62 a year earlier and above the FactSet consensus analyst estimate of $1.60. Fiscal Q3 revenue was $9.3 billion, up from $6.81 billion a year ago and above the FactSet consensus of $8.86 billion. For Q4, the chipmaker said it expects non-GAAP EPS of $2.35 to $2.65 on revenue of $10.4 billion to $11 billion. Analysts expect $2.03 and $9.9 billion, respectively. Micron shares were down 1.1% around midday.

The UK's Competition and Markets Authority said Thursday it is investigating Boeing's ( BA ) anticipated acquisition of Spirit AeroSystems ( SPR ) . Boeing ( BA ) shares were up 0.8%, while those of Spirit were up 1%.

Equinix ( EQIX ) said Wednesday it expects annual revenue growth of about 7% to 10% through 2029, based on its long-term outlook. The company said at an analyst presentation it is projecting annual growth in adjusted funds from operations, or AFFO, per share of 5% to 9% over the same time period. Equinix ( EQIX ) also said it expects AFFO per share to grow at least 5% in 2026 and for its dividend per share to rise by at least 8% annually from 2025 through 2029. Equinix ( EQIX ) shares were down 9.7%.

Walgreens Boots Alliance ( WBA ) reported fiscal Q3 adjusted earnings Thursday of $0.38 per diluted share, down from $0.63 a year earlier but above the FactSet consensus estimate of $0.33. Fiscal Q3 sales were $38.99 billion, up from $36.35 billion a year ago and above the FactSet consensus of $36.84 billion. Walgreens said that if the merger agreement with "entities affiliated with" Sycamore Partners is completed in Q3 or Q4 as expected, its common stock will no longer be listed on the Nasdaq Stock Market, as it will become a private company. Walgreens shares were up 0.8%.

Tesla (TSLA) appeared for the first time on the City of Austin's Autonomous Vehicle Incident Dashboard for a "safety concern" incident that occurred in June. The electric-vehicle maker launched its robotaxi service last Sunday in the city, which Chief Executive Elon Musk touted as a success. Tesla shares were up 0.2%.

Corebridge Financial's ( CRBG ) SunAmerica Asset Management will be acquired by Venerable, the private company said Thursday. Financial details of the deal were not provided. Corebridge shares were up 5.5%.

Price: 125.44, Change: -1.81, Percent Change: -1.42

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