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Micron Earnings, Revenue Beat in Q1 -Breaking

by Mike Robinson

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© Reuters. The Micron Revenue Beats in Q1

Micron (NASDAQ) – Investing.com reported Monday the results of its first quarter. They beat analyst forecasts, and generated revenue above expectations.

Micron posted earnings per share (EPS) of $2.16 on revenues of $7.69B. Investing.com polled analysts and predicted EPS at $2.1 for revenue $7.68B.

Micron shares rose 9% over the first of the year. However, they are down 15.38% from their 52-week peak of $96.94 on April 12. The Micron shares are outperforming the Nasdaq, which has risen 16.24% since the beginning of the year.

Micron reports on other notable earnings from the Information Technology industry this month

Micron’s earnings beat was achieved by Broadcom, who on December 9, reported EPS for $7.81 on revenue $7.41B. Forecasts were for EPS $7.74 on revenue $7.36B.

Adobe exceeded expectations with fourth quarter earnings per share (EPS) of $3.2 for revenue of $4.11B. This compares to the forecast of EPS at $3.2 on revenue $4.09B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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