Investing.com - Micron (NASDAQ:MU) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Micron announced earnings per share of $1.45 on revenue of $6.64B. Analysts polled by Investing.com anticipated EPS of $1.41 on revenue of $6.81B.
Micron shares are down 46% from the beginning of the year and are trading at $50.01 , down-from-52-week-high.
Micron follows other major Information Technology sector earnings this month
Micron's report follows an earnings beat by Broadcom on Thursday, September 1, 2022, who reported EPS of $9.73 on revenue of $8.46B, compared to forecasts EPS of $9.56 on revenue of $8.41B.
Oracle had missed expectations on Monday, September 12, 2022 with first quarter EPS of $1.03 on revenue of $11.45B, compared to forecast for EPS of $1.07 on revenue of $11.33B.
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