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

Market news

27 September 2019

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

Micron (MU) reported Q4 FY 2019 earnings of $0.56 per share (versus $3.53 in Q4 FY 2018), beating analysts’ consensus estimate of $0.48.

The company’s quarterly revenues amounted to $4.870 bln (-42.3% y/y), beating analysts’ consensus estimate of $4.558 bln.

The company also issued guidance for Q1 FY 2020, projecting EPS of $0.39-0.53 (versus analysts’ consensus estimate of $0.49) and revenues of $4.8-5.2 bln (versus analysts’ consensus estimate of $4.78 bln).

MU fell to $45.90 (-5.56%) in pre-market trading.

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