Micron's full-year results in August 2024 showed an increase in revenue and a turnaround to profitability. The revenue increased by 62% to $25.1 billion, operating income was $1.3 billion, and EPS was $0.70.
Micron Technology's full-year results in August 2024 (September 1, 2023 - August 29, 2024) showed an increase in revenue and a return to operating profitability.
According to the 8-K form (Form 8-K) released after the regular trading session on September 25th, the annual performance showed a 61.6% increase in revenue to $25.1 billion compared to the previous period. Operating income turned into a profit of $1.34 billion, compared to a loss of $5.745 billion in the previous period. Earnings per share (EPS, diluted) showed a profit of $0.70 per share (compared to a loss of $5.34 per share in the previous period). The full-year dividend will be implemented at the same rate as the previous period, $0.46.
The fourth quarter (May 31 - August 29) also saw an increase in revenue and a return to operating profitability.
According to the 8-K form (Form 8-K) released after the regular trading session on September 25th, the annual performance showed a 61.6% increase in revenue to $25.1 billion compared to the previous period. Operating income turned into a profit of $1.34 billion, compared to a loss of $5.745 billion in the previous period. Earnings per share (EPS, diluted) showed a profit of $0.70 per share (compared to a loss of $5.34 per share in the previous period). The full-year dividend will be implemented at the same rate as the previous period, $0.46.
The fourth quarter (May 31 - August 29) also saw an increase in revenue and a return to operating profitability.
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coco0217 : Good morning! A skyrocketing market after a long-awaited earnings report.