Chipmaker Micron Technology Inc. (NASDAQ: MU) will be reporting earnings for the final three months of fiscal 2023 today after the closing bell, amid expectations for a decline in revenues.
Listen to Micron’s Q4 2023 earnings call live and read the real-time transcript
The company’s bottom line is expected to remain in the negative territory in Q4. Market watchers forecast a loss of $1.11 per share for the August quarter, excluding one-off items, compared to earnings of $1.45 per share in the year-ago quarter. The bearish outlook reflects an estimated 44% fall in revenues to $3.69 billion.
In the third quarter, Micron incurred a third consecutive loss, but it was better than the outcome analysts had predicted. Third-quarter revenues declined a dismal 57% to $3.75 billion but exceeded Wall Street’s expectations. All four operating segments contracted in double digits.
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
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
