Reported 9 months ago
Micron Technology (MU) exceeded Wall Street estimates for their third-quarter results, reporting adjusted earnings per share of $0.62 compared to the estimated $0.50 and adjusted revenue of $6.81 billion exceeding the estimated $6.67 billion. For the fourth quarter, Micron expects adjusted earnings per share in the range of $1.00-$1.16 and adjusted revenue between $7.4 billion-$7.8 billion, slightly lower than analysts' expectations. Micron is focusing on high bandwidth memory chips and anticipates significant revenue growth in fiscal 2025, which has positively impacted its stock performance.
Source: YAHOO