Micron Technology (NASDAQ:MU) stock rose 2.5 percent in after-hours trade after the firm released its third-quarter earnings.
Quarterly Findings
Earnings per share climbed 129.27 percent year over year to $1.88, beating the $1.71 consensus expectation.
Revenue of $7,422,000,000 increased by 36.48 percent over the same period previous year, exceeding the $7,230,000,000 forecast.
For the time being, the company has not provided earnings guidance.
For the time being, Micron Technology hasn’t provided any revenue guidance.
Call Specifications
Date: 30 June 2021
Time: 04:30 p.m. Eastern Standard Time https://edge.media-server.com/mmc/p/5iz8ypem is the URL for the webcast.
Technicals
The 52-week high for the company was $96.96.
The 52-week low for the company was $42.25
Price movement in the previous quarter: down 8.02 percent.
Description of the Business
Micron has always specialized on the design and manufacture of DRAM for computers and servers. The company then moved into the market for NAND flash memory. With the acquisitions of Elpida (finished in mid-2013) and Inotera, it extended its DRAM size (completed in December 2016). PCs, data centers, smartphones, game consoles, automobiles, and other computer devices benefit from the company’s DRAM and NAND solutions./n
