Micron (MU) got here out with quarterly earnings of $0.48 per share, according to the Zacks Consensus Estimate. This compares to earnings of $2.97 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
1 / 4 in the past, it was anticipated that this chipmaker would put up earnings of $0.48 per share when it really produced earnings of $0.56, delivering a shock of 16.67%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Micron, which belongs to the Zacks Semiconductor Reminiscence trade, posted revenues of $5.14 billion for the quarter ended November 2019, surpassing the Zacks Consensus Estimate by 2.31%. This compares to year-ago revenues of $7.91 billion. The corporate has topped consensus income estimates thrice during the last 4 quarters.
The sustainability of the inventory’s speedy value motion based mostly on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the