Micron reported earnings and revenue on Wednesday that exceeded analysts' estimates.
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Micron
shares rose in extended trading on Wednesday after the chipmaker reported better-than-expected earnings and revenue and issued a forecast that also topped analysts’ estimates.
Here’s how the company did in comparison with the LSEG consensus:
Micron said revenue in the current period, its fiscal fourth quarter, will be about $10.7 billion, up 38% from $7.75 billion a year earlier and ahead of the $9.9 billion average analyst estimate, according to LSEG.
Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.
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