Micron Earnings, Revenue Beat in Q2

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Investing.com – Micron (NASDAQ:MU) reported Wednesday second-quarter results that topped expectations.

Micron announced earnings per share of 98 cents on revenue of $6.24 billion. Analysts polled by Investing.com anticipated EPS of 93 cents on revenue of $6.16 billion. The company previously guided fiscal second-quarter EPS of 68 cents to 82 cents, above estimates for EPS of 64 cents, and revenue of $5.6 billion to $6.0 billion.

Gross margin rose to 32.9% from 29.1% a year earlier.

Looking ahead to Q3, the company forecast EPS of $1.62, give or take 7 cents, on revenue of $7.1 billion, give or take $200 million. That was above Wall Street estimates for revenue of $6.85 billion.

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