Micron Earnings Beat, Revenue Misses In Q3
2022.07.01 03:21
Micron Earnings Beat, Revenue Misses In Q3
Investing.com – Micron (NASDAQ:MU) reported on Thursday third quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Micron announced earnings per share of $2.59 on revenue of $8.64B. Analysts polled by Investing.com anticipated EPS of $2.46 on revenue of $8.68B.
Micron shares are down 40% from the beginning of the year, still down 43.85% from its 52 week high of $98.45 set on January 5. They are under-performing the S&P 500 which is down 20.48% from the start of the year.
Micron shares lost 4.16% in after-hours trade following the report.
Micron follows other major Information Technology sector earnings this month
Micron’s report follows an earnings beat by Oracle on June 13, who reported EPS of $1.54 on revenue of $11.84B, compared to forecasts EPS of $1.37 on revenue of $11.61B.
Accenture had missed expectations on June 23 with third quarter EPS of $2.79 on revenue of $16.16B, compared to forecast for EPS of $2.86 on revenue of $16.04B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
