Company News: Micron (MU) quarterly results beat analysts’ expectations

Market news

26 June 2019

Company News: Micron (MU) quarterly results beat analysts’ expectations

Micron (MU) reported Q3 FY 2019 earnings of $1.05 per share (versus $3.15 in Q3 FY 2018), beating analysts’ consensus of $0.79.

The company’s quarterly revenues amounted to $4.788 bln (-38.6% y/y), beating analysts’ consensus estimate of $4.698 bln.

The company also said it saw Q4 revenue in the range of $4.3-4.7 bln (versus analysts’ consensus estimate of $4.558 bln) and Q4 EPS in the range of $0.38-0.52 (versus analysts’ consensus estimate of $0.70).

MU rose to $35.50 (+8.63%) in pre-market trading.

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