Micron beats Q3 estimates by $4.72 a share, shares jump 14%
Micron Technology reported non-GAAP earnings of $25.11 per share on revenue of $41.46 billion for the fiscal third quarter ended May 28, beating analyst estimates of $20.39 per share and $35.1 billion. Shares rose about 14% in extended trading Wednesday following the release, and the company issued stronger-than-anticipated guidance for the current quarter.
Micron Technology Inc (NASDAQ:) reported non-GAAP earnings of $25.11 per share on revenue of $41.46 billion for the fiscal third quarter ended May 28, beating analyst estimates of $20.39 per share and $35.1 billion in revenue [1]. Shares rose about 14% in extended trading Wednesday following the release [1].
The memory chipmaker's earnings exceeded the Street by $4.72 per share, a 23% beat, while revenue came in $6.36 billion above consensus, an 18% upside. The company also issued stronger-than-anticipated guidance for the current quarter [1].
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