U.S. Markets close in 5 hrs 48 mins

Micron Earnings, Revenue Beat in Q4

Investing.com - Micron (NASDAQ:MU) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.

The firm reported earnings per share of $0.56 on revenue of $4.87B. Analysts polled by Investing.com expected EPS of $0.51 on revenue of $4.58B. That compared to EPS of $3.53 on revenue of $8.44B in the same period a year earlier. The company had reported EPS of $1.05 on revenue of $4.79B in the previous quarter.

Micron shares lost 3.68% to trade at $46.80 in after-hours trade following the report.

Micron Earnings, Revenue Beat in Q4

Micron follows other major Technology sector earnings this month

On September 11, Oracle reported first quarter EPS of $0.81 on revenue of $9.22B, compared to forecasts of EPS of $0.81 on revenue of $9.29B.

Adobe earnings beat analysts' expectations on September 17, with third quarter EPS of $2.05 on revenue of $2.83B. Investing.com analysts expected EPS of $1.97 on revenue of $2.82B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Related Articles

Wall Street slips on impeachment uncertainty

Stocks – Major Averages Nearly Recover From Impeachment Slump

Regulator approves NYC area airport tax, favoring taxis over ride-hails