Trending: Micron Posts Better-Than-Expected 3Q Earnings
09:59 ET -- Micron Technology is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Micron posted better-than-expected revenue and swung to a profit in the third quarter as artificial intelligence-related demand boosted results. The memory-chip maker posted income of $332 million, or 30 cents a share, for the quarter, swinging from a loss of about $1.9 billion, or $1.73 a share, in the prior-year period. Adjusted earnings were 62 cents a share, above analysts' estimates of 48 cents a share. Micron had revenue of $6.81 billion, compared to $3.75 billion in the year-ago period. Analysts polled by FactSet expected $6.67 billion. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
June 27, 2024 10:14 ET (14:14 GMT)
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