Micron Technology Swings to Fiscal Q1 Earnings, Revenue Rises; Shares Fall After Hours

MT Newswires Live12-19

Micron Technology (MU) reported fiscal Q1 non-GAAP earnings late Wednesday of $1.79 per diluted share, swinging from a loss of $0.95 a year earlier.

Analysts polled by FactSet expected earnings of $1.76.

Revenue for the quarter ended Nov. 28 rose to $8.71 billion from $4.73 billion a year earlier.

Analysts surveyed by FactSet expected $8.71 billion.

The chipmaker expects fiscal Q2 non-GAAP earnings per share of $1.43, plus or minus $0.10, and revenue of $7.9 billion, plus or minus $200 million. Analysts surveyed by FactSet project EPS of $1.91 on revenue of $8.94 billion.

Shares of Micron Technology fell 10% in after-hours activity.

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Nase
12-19
Nase
MU is down because I bought

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Analysts surveyed by FactSet project EPS of $1.91 on revenue of $8.94 billion.</p><p>Shares of Micron Technology fell 10% in after-hours activity.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MU":"美光科技"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2492154186","content_text":"Micron Technology (MU) reported fiscal Q1 non-GAAP earnings late Wednesday of $1.79 per diluted share, swinging from a loss of $0.95 a year earlier.Analysts polled by FactSet expected earnings of $1.76.Revenue for the quarter ended Nov. 28 rose to $8.71 billion from $4.73 billion a year earlier.Analysts surveyed by FactSet expected $8.71 billion.The chipmaker expects fiscal Q2 non-GAAP earnings per share of $1.43, plus or minus $0.10, and revenue of $7.9 billion, plus or minus $200 million. 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