Categories AlphaGraphs, Earnings, Technology
Micron (MU) Q3 2021 Earnings Infographic: Results beat estimates amid strong demand
Semiconductor firm Micron Technology Inc. (NASDAQ: MU) reported stronger-than-expected revenues and earnings for the third quarter of 2021.
Third-quarter profit, excluding one-off items, more than doubled to $1.88 per share from $0.82 per share a year ago. The bottom-line growth was driven by a 36% increase in revenues to $7.42 billion.
Unadjusted profit was $1.74 billion or $1.52 per share, compared to $803 million or $0.71 per share in the third quarter of 2020. Both revenues and earnings exceeded the consensus estimate.
“Our industry-leading 1α DRAM and 176-layer NAND now represent a meaningful portion of our production, and Micron is in the best position ever to capitalize on the long-term demand trends across the data center, intelligent edge and user devices,” said Micron’s CEO Sanjay Mehrotra.
Read management/analysts’ comments on Micron’s Q3 earnings
Micron’s stock closed Wednesday’s regular session higher but declined in the after-hours trading.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
What Starbucks’ ongoing restructuring means for customers and investors
Starbucks Corporation (NASDAQ: SBUX) has launched an extensive restructuring to streamline operations and optimize customer experience. While navigating a difficult operating environment, the coffee giant is working to revive its
Dollar Tree (DLTR) 4Q24 earnings: Family Dollar sale takes center stage in quarterly report
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 4% on Wednesday following the announcement of the company’s fourth quarter 2024 earnings results. The top and bottom line numbers
Key metrics from Chewy’s (CHWY) Q4 2024 earnings results
Chewy, Inc. (NYSE: CHWY) reported its fourth quarter 2024 earnings results today. Net sales of $3.25 billion were up 14.9% year-over-year. Net income fell 29% to $22.8 million, or $0.05
