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27.06.2024

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

Micron (MU) reported Q3 FY2024 earnings of $0.62 per share (versus $(1.43) per share in Q3 FY2023), beating analysts’ consensus estimate of $0.48 per share.

The company’s quarterly revenues amounted to $6.811 bln (+81.5% y/y), beating analysts’ consensus estimate of $6.669 bln.

The company also issued in-line guidance for Q4 FY2024, seeing EPS of $1.00-1.16 versus analysts’ consensus estimate of $1.02 and revenues of $7.40-7.80 bln versus analysts’ consensus estimate of $7.59 bln.

MU fell to $135.38 (-4.90%) in pre-market trading.

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