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

Market news

30 September 2020

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

Micron (MU) reported Q4 FY 2020 earnings of $1.08 per share (versus $0.56 per share in Q4 FY 2019), beating analysts’ consensus estimate of $0.94 per share.

The company’s quarterly revenues amounted to $6.056 bln (+24.4% y/y), beating analysts’ consensus estimate of $5.537 bln.

The company also issues guidance for Q1 FY 2021, projecting EPS of $0.40-0.54 (versus analysts’ consensus estimate of $0.68) and revenues of $5.00-5.40 bln (versus analysts’ consensus estimate of $5.33 bln).

MU fell to $48.80 (-3.77%) in pre-market trading.

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