Categories AlphaGraphs, Earnings, Technology
Micron (MU) Q3 2024 profit exceeds expectations; revenue up 82%
Micron Technology Inc. (NASDAQ: MU) reported a sharp increase in revenues for the third quarter of 2024, and the chipmaker turned to a profit from a loss last year. The results also surpassed Wall Street’s projections.
Micron reported an adjusted profit of $0.62 per share for the May quarter, compared to a loss of $1.43 per share in the year-ago quarter. Earnings also topped expectations. On an unadjusted basis, net income was $332 million or $0.30 per share in Q3, compared to a loss of $1.90 billion or $1.73 per share in the corresponding period of 2023.
Third-quarter revenues increased sharply to $6.81 billion from $3.75 billion in the prior year quarter and came in above analysts’ consensus estimates.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
After first-ever stock split, where’s Chipotle Mexican Grill headed?
Chipotle Mexican Grill, Inc. (NYSE: CMG) has long been a favorite brand among both diners and investors, as the restaurant chain serves quality food while consistently delivering sales and earnings
Starbucks (SBUX): A look at the coffeehouse chain’s plans for its two key markets
Shares of Starbucks Corporation (NASDAQ: SBUX) were down over 1% on Friday. The stock has dropped 14% over the past three months. The company saw sales and profits decline during
MEDS Earnings: Highlights of Trxade Health’s Q1 2024 financial results
Trxade Health, Inc. (NASDAQ: MEDS), a leading health service IT company, reported financial results for the first quarter of 2024. The company reported a net income for Q1, compared to
