2024-06-26 20:15:00
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The following-hours stability sheet presentation for the semiconductor firm Micron Know-how issues buyers on the American inventory trade NASDAQ.
Within the third quarter of fiscal yr 2024 Micron expertise Earnings per share of $0.62, following a lack of $1.73 per share was posted in the identical interval final yr. Consultants had predicted black numbers and estimated EPS at $0.48.
By way of turnover, the American group had a price of 6.81 billion US {dollars} on the books within the final quarter of the yr. That was greater than the earlier yr, when Micron had gross sales of $3.75 billion. Analysts had anticipated gross sales to leap to $6.66 billion.
The corporate’s outlook was additionally compelling: Micron expects EPS of $1-$1.16 within the fourth quarter. The market had beforehand assumed $1.02. The gross sales goal of $6.81 billion can be above expectations of $6.7 billion.
In following-market buying and selling on NASDAQ, Micron Know-how shares reacted with a major low cost, initially dropping 7.63 % to $131.50.
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