Micron Q3 Earnings: Revenue Beat, EPS Beat, Q4 Earnings Guidance, 'Expanding AI-Driven Opportunities Ahead' And More
Portfolio Pulse from Adam Eckert
Micron Technology Inc (NASDAQ:MU) reported strong Q3 earnings, beating both revenue and EPS estimates. The company highlighted robust AI demand and strong execution, leading to a 17% sequential revenue growth. Micron also provided positive Q4 guidance and announced a quarterly dividend. Despite the positive results, Micron shares were down 7.28% in after-hours trading.
June 26, 2024 | 8:18 pm
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Micron Technology reported strong Q3 earnings, beating both revenue and EPS estimates. The company highlighted robust AI demand and strong execution, leading to a 17% sequential revenue growth. Micron also provided positive Q4 guidance and announced a quarterly dividend. Despite the positive results, Micron shares were down 7.28% in after-hours trading.
Micron's strong Q3 performance and positive Q4 guidance indicate robust business momentum, particularly in AI-driven products. However, the after-hours stock price drop suggests market concerns, possibly about future growth sustainability or broader market conditions.
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