Categories AlphaGraphs, Earnings, Technology
MU Earnings: Micron slips to a net loss in Q3; revenues decline
Chipmaker Micron Technology Inc. (NASDAQ: MU) reported a loss for the third quarter of 2023, compared to a profit last year. The bottom line was negatively impacted by a sharp fall in revenues.
The company reported an adjusted loss per share of $1.43 for the May quarter, compared to earnings of $2.59 per share in the corresponding period of fiscal 2022. On an unadjusted basis, the net loss was $1.90 billion or $1.73 per share in Q3, compared to a net income of $2.63 billion or $2.34 per share in the prior-year quarter.
The weak bottom line performance reflects a 57% fall in net revenues to $3.75 billion. All the main operating segments contracted during the three-month period.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
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
