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Micron Earnings, Revenue Beat in Q4 By Investing.com

by Mike Robinson

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© Reuters. Micron Earnings, Revenue Beat in Q4

Investing.com – Micron (NASDAQ:) reported on Tuesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.

Micron reported earnings per share at $2.42 for revenue $8.27 billion. Investing.com polled analysts and predicted EPS at $2.33 for revenue $8.22B.

Micron shares have fallen 2% since the start of the year. However, they are still 24.51% below their 52-week high of $96.94 on April 12. They are under-performing the S&P 500 which is up 15.97% from the start of the year.

After-hours trading saw Micron share prices fall by 4.36% following the release.

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.

On September 13, Oracle beat all expectations with a first quarter earnings per share of $1.03, on revenues of $9.73B. This compares to the forecast of $0.9726 for revenue of $9.76B.

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

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