Micron Technology Q3 Adj. EPS $(1.43) Beats $(1.58) Estimate, Sales $3.75B Beat $3.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
Micron Technology reported Q3 adjusted EPS of $(1.43), beating the estimate of $(1.58) by 9.49%. The company also reported quarterly sales of $3.75 billion, surpassing the estimate of $3.65 billion by 2.79%. However, these figures represent a significant decrease from the same period last year.
June 28, 2023 | 8:02 pm
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Micron Technology's Q3 earnings beat estimates, but show a significant decrease from the same period last year.
While Micron Technology beat Q3 estimates, the significant decrease from the same period last year could potentially concern investors. This mixed result makes it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100