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

Market news

29 September 2021

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

Micron (MU) reported Q4 FY 2021 earnings of $2.42 per share (versus $1.08 per share in Q2 FY 2020), beating analysts’ consensus estimate of $2.34 per share.

The company’s quarterly revenues amounted to $8.274 bln (+36.6% y/y), being roughly in line with analysts’ consensus estimate of $8.212 bln.

The company also issues downside guidance for Q1 FY 2022, projecting EPS of $2.00-2.20 versus analysts’ consensus estimate of $2.48 and revenues of $7.45-7.85 bln versus analysts’ consensus estimate of $8.49 bln.

MU fell $70.70 (-3.28%) in pre-market trading.

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