Micron Technology Q2 2024 Adj EPS $0.42 Beats $(0.25) Estimate, Sales $5.820B Beat $5.342B Estimate
Portfolio Pulse from Benzinga Newsdesk
Micron Technology (NASDAQ:MU) reported Q2 2024 adjusted EPS of $0.42, surpassing the $(0.25) estimate, with sales of $5.820B exceeding the $5.342B forecast. This represents a 57.60% increase in sales compared to the same period last year.
March 20, 2024 | 8:02 pm
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Micron Technology reported a significant beat on both earnings and sales estimates for Q2 2024, with a notable year-over-year sales increase.
Micron Technology's earnings and sales beat are likely to positively impact investor sentiment and the stock price in the short term. The substantial beat on both the top and bottom lines, coupled with a significant year-over-year sales growth, indicates strong company performance and could lead to upward price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100