Investing.com - Micron (NASDAQ:MU) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.05 on revenue of $4.79B. Analysts polled by Investing.com expected EPS of $0.81 on revenue of $4.72B. That compared to EPS of $3.15 on revenue of $7.8B in the same period a year earlier. The company had reported EPS of $1.71 on revenue of $5.84B in the previous quarter.
For the year, Micron shares are up 2.99%, under-performing the Nasdaq 100 which is up 22.47% year to date.
Micron follows other major Technology sector earnings this month
On Wednesday, June 19, 2019, Oracle reported fourth quarter EPS of $1.16 on revenue of $11.14B, compared to forecasts of EPS of $1.07 on revenue of $10.93B.
Adobe earnings beat analyst's expectations on Tuesday, June 18, 2019, with second quarter EPS of $1.83 on revenue of $2.74B. Investing.com analysts expected EPS of $1.78 on revenue of $2.7B
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