Micron: Fiscal Q1 Earnings Snapshot
By AP News
Published - Dec 18, 2024, 04:09 PM ET
Last Updated - Dec 18, 2024, 04:09 PM EST
BOISE, Idaho (AP) — BOISE, Idaho (AP) — Micron Technology Inc. (MU) on Wednesday reported fiscal first-quarter profit of $1.87 billion.
On a per-share basis, the Boise, Idaho-based company said it had profit of $1.67. Earnings, adjusted for one-time gains and costs, were $1.79 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The chipmaker posted revenue of $8.71 billion in the period, matching Street forecasts.
