(C) Reuters. Micron Earnings, Revenue Beat in Q4
Micron announced earnings per share of $2.42 on revenue of $8.27B. Analysts polled by Investing.com anticipated EPS of $2.33 on revenue of $8.22B.
Micron shares are down 2% from the beginning of the year, still down 24.51% from its 52 week high of $96.94 set on April 12. They are under-performing the S&P 500 which is up 15.97% from the start of the year.
Micron shares lost 4.36% in after-hours trade following the report.
Micron follows other major Technology sector earnings this month
Micron’s report follows an earnings beat by Adobe on September 21, who reported EPS of $3.11 on revenue of $3.94B, compared to forecasts EPS of $3.01 on revenue of $3.89B.
Oracle had beat expectations on September 13 with first quarter EPS of $1.03 on revenue of $9.73B, compared to forecast for EPS of $0.9726 on revenue of $9.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Micron Earnings, Revenue Beat in Q4
By Reuters – Sep 28, 2021
By Stephen Culp NEW YORK (Reuters) – Wall Street stocks ended sharply lower on Tuesday in a broad sell-off driven by rising U.S. Treasury yields, deepening concerns over…
By Reuters – Sep 28, 2021
(Reuters) – Micron Technology Inc (NASDAQ:MU) on Tuesday forecast first-quarter revenue below Wall Street estimates, as shortages in chip-making materials appeared to be catching…
By Investing.com – Sep 28, 2021
By Dhirendra Tripathi
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