Reminiscence chipmaker Micron Expertise Inc. (NASDAQ: MU) will likely be publishing fourth-quarter 2024 outcomes at the moment after common buying and selling hours, amid expectations for a rise in revenues.
Hearken to Micron’s This fall 2024 earnings name dwell and skim the real-time transcript
The corporate is predicted to submit earnings of $1.13 per share for the August quarter, on an adjusted foundation, which represents an enchancment from the prior-year interval when it incurred a lack of $1.07 per share. The optimistic forecast displays an estimated surge in revenues to $7.63 billion.
Within the third quarter, revenues jumped to $6.81 billion from $3.75 billion in Q3 2023. The tech agency reported earnings of $0.62 per share for the Could quarter, excluding particular objects, in comparison with a lack of $1.43 per share a 12 months earlier. Each income and revenue beat Wall Road’s estimates.
