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Micron Technology Down 6% Despite Q3 Adj EPS, Revenue Beat

Benzinga ·  Jun 26 16:06

$Micron Technology (MU.US)$ reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.49 by 26.53 percent.

The company reported quarterly sales of $6.810 billion which beat the analyst consensus estimate of $6.634 billion by 2.65 percent.  This is a 81.50 percent increase over sales of $3.752 billion the same period last year.

The firm said it sees a Q4 Adj. EPS of $1.00-$1.16 vs estimates of $1.05 on revenue of $7.4-$7.8B vs. $7.6B Est

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