Micron stock pops on earnings beat, Q3 guidance
03/21/2024 03:59
Micron Technology (MU) reported better-than-expected fiscal second quarter results. The company reported adjusted earnings per share of $0.42. Analysts had been expecting a $0.24 loss. Adjusted revenue of $5.82 billion topped estimates of $5.35 billion. However, it was likely the forecast for the third quarter that sent shares soaring in after-hours trading. Micron expects adjusted revenue in a range of $6.4-$6.8 billion versus a $5.99 billion estimate and adjusted earnings per share of $0.38-$0.52 compared to estimates of $0.24. Yahoo Finance's Julie Hyman and Josh Lipton break down the report. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
Micron Technology (MU) reported better-than-expected fiscal second quarter results. The company reported adjusted earnings per share of $0.42. Analysts had been expecting a $0.24 loss. Adjusted revenue of $5.82 billion topped estimates of $5.35 billion.
However, it was likely the forecast for the third quarter that sent shares soaring in after-hours trading. Micron expects adjusted revenue in a range of $6.4-$6.8 billion versus a $5.99 billion estimate and adjusted earnings per share of $0.38-$0.52 compared to estimates of $0.24.
Yahoo Finance's Julie Hyman and Josh Lipton break down the report.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich.