Chipmaker Micron Technology Inc. (NASDAQ: MU) reported a 4% decline in earnings for the third quarter of 2020 due to higher costs and expenses despite a 14% jump in the top-line. Despite challenges in the macro-environment, the company’s exceptional execution drove strong revenue and earnings growth.
Micron repurchased about 929,000 shares of its common stock for $40 million during the third quarter and ended the quarter with cash, marketable investments, and restricted cash of $9.29 billion, for a net cash position of $2.60 billion.
Looking ahead into the fourth quarter, the company expects adjusted earnings to come in at $1.05 per share, plus or minus $0.10, and unadjusted profit to be $0.88 per share, plus or minus $0.10. Revenues are anticipated to be in the range of $5.75-6.25 billion.
Target Corporation (NYSE: TGT) reported fourth-quarter 2020 financial results before the opening bell today. The department store chain reported Q4 revenue of $28.3 billion, up 21% year-over-year and higher than
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus