Micron: Fiscal Q1 Earnings Snapshot
By AP News
Published - Dec 22, 2023, 02:24 PM ET
Last Updated - Dec 22, 2023, 02:24 PM EST
BOISE, Idaho (AP) — BOISE, Idaho (AP) — Micron Technology Inc. (MU) on Wednesday reported a loss of $1.23 billion in its fiscal first quarter.
On a per-share basis, the Boise, Idaho-based company said it had a loss of $1.12. Losses, adjusted for one-time gains and costs, came to 95 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 99 cents per share.
The chipmaker posted revenue of $4.73 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $4.66 billion.
