technology
Micron Technology Reports $41.5 Billion Third-Quarter Revenue
Micron Technology posted third-quarter revenue of $41.5 billion and adjusted earnings per share of $25.11, both above analyst estimates. The company also issued fourth-quarter guidance that exceeded consensus forecasts.
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Micron Technology reported third-quarter revenue of $41.5 billion, exceeding the $35.59 billion consensus estimate. Adjusted earnings per share reached $25.11, above the $20.60 expected by analysts. The company forecast fourth-quarter revenue of $50 billion, above the $42.92 billion estimate.
00 for the period, versus the $25.50 consensus. Shares of Micron rose more than 10 percent following the release. The gain added roughly $120 billion to the company's market capitalization.
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