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MU Micron Technology Inc

109.84
-3.12 (-2.76%)
Last Updated: 17:28:57
Delayed by 15 minutes
Share Name Share Symbol Market Type
Micron Technology Inc NASDAQ:MU NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.12 -2.76% 109.84 109.83 109.86 112.34 108.75 110.52 6,708,426 17:28:57

Micron Technology's Revenue, Profit Fall But Top Analysts' Consensus Estimates

18/12/2019 9:41pm

Dow Jones News


Micron Technology (NASDAQ:MU)
Historical Stock Chart


From May 2019 to May 2024

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   By Allison Prang 
 

Net income and revenue at Micron Technology Inc. (MU) fell but both came in above what analysts were guiding.

Micron had net income of $491 million, down 85% from the comparable quarter a year ago. First-quarter earnings were 43 cents a share, down from $2.81 a share.

Adjusted earnings were 48 cents a share, down from $2.97 a share. Analysts polled by FactSet were expecting 47 cents a share.

Revenue was $5.14 billion, down 35%. Analysts were expecting $4.99 billion.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

December 18, 2019 16:26 ET (21:26 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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