Micron Technology (NASDAQ:MU) reported its Q3 earnings results on Wednesday, June 28, 2023 at 04:02 PM.
Here’s what investors need to know about the announcement.
Earnings
Micron Technology beat estimated earnings by 9.49%, reporting an EPS of $-1.43 versus an estimate of $-1.58.
Revenue was down $4.89 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $1.05 which was followed by a 7.19% increase in the share price the next day.
Here’s a look at Micron Technology’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.86 | -0.01 | 1.30 | 2.44 |
| EPS Actual | -1.91 | -0.04 | 1.45 | 2.59 |
| Revenue Estimate | 3.70B | 4.12B | 6.68B | 8.64B |
| Revenue Actual | 3.69B | 4.08B | 6.64B | 8.64B |
To track all earnings releases for Micron Technology visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
