Investing.com - Micron (NASDAQ:MU) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Micron announced earnings per share of $0.82 on revenue of $5.44B. Analysts polled by Investing.com anticipated EPS of $0.75 on revenue of $5.26B.
Micron shares are down 8% from the beginning of the year and are trading at $52.35 , down-from-52-week-high.They are under-performing the S&P 500 which is down 5.5% year to date.
Micron shares gained 6.51% 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 Thursday, June 11, 2020, who reported EPS of $2.45 on revenue of $3.13B, compared to forecasts EPS of $2.32 on revenue of $3.16B.
Oracle had beat expectations on Tuesday, June 16, 2020 with fourth quarter EPS of $1.2 on revenue of $10.44B, compared to forecast for EPS of $1.14 on revenue of $10.45B.
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