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Micron Technology Swings to Fiscal Q3 Profit, Revenue Rises; Issues Q4 Guidance
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Micron Technology Swings to Fiscal Q3 Profit, Revenue Rises; Issues Q4 Guidance
Jun 26, 2024 1:50 PM

04:23 PM EDT, 06/26/2024 (MT Newswires) -- Micron Technology ( MU ) reported fiscal Q3 non-GAAP diluted earnings Wednesday of $0.62 per share, compared with a loss of $1.43 a year earlier.

Analysts polled by Capital IQ expected EPS of $0.53.

Revenue for the quarter ended May 30 was $6.81 billion, up from $3.75 billion a year earlier.

Analysts surveyed by Capital IQ expected $6.67 billion.

The company said it expects fiscal Q4 non-GAAP EPS of $1.08, plus-minus $0.08.

Analysts surveyed by Capital IQ expect $1.04.

The company expects revenue for the quarter of $7.60 billion, plus-minus $200 million.

Analysts polled by Capital IQ expect $7.58 billion.

Shares of the company were down about 6% in after-hours trading.

Price: 133.60, Change: -8.76, Percent Change: -6.15

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