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
Important takeaways from Conagra Brands’ Q3 2025 report
Conagra Brands, Inc. (NYSE: CAG) has reported weaker-than-expected revenue and profit for the February quarter, with sales declining across all business segments amid softer demand and persistent supply challenges. The
Main takeaways from Lamb Weston’s (LW) Q3 2025 earnings report
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) jumped 9% on Thursday after the company delivered better-than-expected results for the third quarter of 2025 and reaffirmed its outlook for the
Summary: Tesla (TSLA) reports Q1 2025 production, deliveries
Tesla Inc. (NASDAQ: TSLA) has announced results of vehicle production and deliveries for the first quarter of 2025. The company also provided data on the deployment of energy storage products
