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
Darden Restaurants (DRI) Q3 2025 Earnings: Key financials and quarterly highlights
Darden Restaurants, Inc. (NYSE: DRI) reported its third quarter 2025 earnings results today. Total sales increased 6.2% to $3.2 billion compared to the same period last year. Blended same-restaurant sales
ACN Earnings: Key quarterly highlights from Accenture’s Q2 2025 financial results
Accenture plc (NYSE: ACN) reported its second quarter 2025 earnings results today. Revenues totaled $16.7 billion, up 5% in US dollars and 8.5% in local currency. Net income attributable to
GIS Q3 Call Highlights: Cereal Comeback, Snacking Slowdown & Protein Innovations!
General Mills Inc., a global food company known for producing and marketing popular brands like Cheerios, Pillsbury, Häagen-Dazs, and Betty Crocker, in its Q3 earnings call highlighted its strategy to