Micron: Fiscal Q4 Earnings Snapshot
By AP News
Published - Sep 25, 2024, 04:20 PM ET
Last Updated - Dec 16, 2024, 06:54 PM EST
BOISE, Idaho (AP) — BOISE, Idaho (AP) — Micron Technology Inc. (MU) on Wednesday reported fiscal fourth-quarter profit of $887 million.
The Boise, Idaho-based company said it had profit of 79 cents per share. Earnings, adjusted for pretax expenses and stock option expense, were $1.18 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The chipmaker posted revenue of $7.75 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $7.64 billion.
