Investing.com - Micron (NASDAQ:MU) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Micron announced earnings per share of $2.14 on revenue of $7.79B. Analysts polled by Investing.com anticipated EPS of $1.98 on revenue of $7.53B.
Micron shares are down 11% from the beginning of the year and are trading at $84.50 , down-from-52-week-high.They are under-performing the S&P 500 which is down 2.79% from the start of the year.
Micron shares gained 2.99% in after-hours trade the report.
Micron follows other major Information Technology sector earnings this month
Micron's report follows an earnings beat by Broadcom on Thursday, March 3, 2022, who reported EPS of $8.39 on revenue of $7.71B, compared to forecasts EPS of $8.13 on revenue of $7.61B.
Oracle had missed expectations on Thursday, March 10, 2022 with third quarter EPS of $1.13 on revenue of $10.51B, compared to forecast for EPS of $1.18 on revenue of $10.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar