“Shares of Micron pop 14% on earnings beat driven by AI boom”
March 28, 2024
“…
Here’s how the company did:
- Earnings per share: 42 cents adjusted vs. 25 cent loss expected by LSEG, formerly known as Refinitiv.
- Revenue: $5.82 billion vs. 5.35 billion expected by LSEG.
Micron said revenue rose to $5.82 billion from $3.69 billion in the year ago quarter. The company reported a net income of $793 million, up from a net loss of $2.3 billion in the same period last year. For its fiscal third quarter, Micron expects to report revenue of $6.6 billion, above the $6.02 billion expected by analysts…”