Company news: Micron’s (MU) quarterly results beat analysts’ estimates

Micron (MU) reported Q4 FY2024 earnings of $1.18 per share (versus $(1.07) per share in Q4 FY2023), beating analysts’ consensus estimate of $1.11 per share.

The company’s quarterly revenues amounted to $7.750 bln (+93.3% y/y), beating analysts’ consensus estimate of $7.646 bln.

The company also issued upside guidance for Q1 FY2025, seeing EPS of $1.74, +/- $0.08, equating to $1.66-$1.82, versus analysts’ consensus estimate of $1.52 and revenues of $8.70 bln, +/- $200 mln, equating to $8.50-$8.90 bln versus analysts’ consensus estimate of $8.27 bln.

MU rose to $110.24 (+15.11%) in pre-market trading.