Investing.com - Micron (NASDAQ:MU) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Micron announced earnings per share of $1.08 on revenue of $6.06B. Analysts polled by Investing.com anticipated EPS of $0.99 on revenue of $5.9B.
Micron shares are down 5% from the beginning of the year and are trading at $51.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 3.24% from the start of the year.
Micron shares gained 0.57% in after-hours trade the report.
Micron follows other major Technology sector earnings this month
Micron's report follows an earnings beat by Adobe on Tuesday, September 15, 2020, who reported EPS of $2.57 on revenue of $3.23B, compared to forecasts EPS of $2.41 on revenue of $3.16B.
Oracle had beat expectations on Thursday, September 10, 2020 with first quarter EPS of $0.93 on revenue of $9.37B, compared to forecast for EPS of $0.86 on revenue of $9.17B.
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