Investing.com – Micron (NASDAQ:) reported fourth quarter that beat analysts’ expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.56 on revenue of $4.87B. Analysts polled by Investing.com expected EPS of $0.51 on revenue of $4.58B. That compared to EPS of $3.53 on revenue of $8.44B in the same period a year earlier. The company had reported EPS of $1.05 on revenue of $4.79B in the previous quarter.
Micron shares lost 3.68% to trade at $46.80 in after-hours trade following the report.
Micron follows other major Technology sector earnings this month
On September 11, Oracle reported first quarter EPS of $0.81 on revenue of $9.22B, compared to forecasts of EPS of $0.81 on revenue of $9.29B.
Adobe earnings beat analysts’ expectations on September 17, with third quarter EPS of $2.05 on revenue of $2.83B. Investing.com analysts expected EPS of $1.97 on revenue of $2.82B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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