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

Market news

19 December 2019

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

Micron (MU) reported Q1 FY 2020 earnings of $0.48 per share (versus $2.97 in Q1 FY 2019), beating analysts' consensus estimate of $0.47.

The company's quarterly revenues amounted to $5.144 bln (-35.0% y/y), beating analysts' consensus estimate of $4.781 bln.

The company also issued guidance for Q2 FY 2020, projecting EPS of $0.29-0.41 vs. analysts' consensus estimate of $0.41 and revenues of $4.50-4.80 bln vs. analysts' consensus estimate of $4.77 bln.

MU rose to $54.90 (+3.51%) in pre-market trading.

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