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Micron Earnings Beat, Revenue Misses In Q3

Stock Markets Jun 30, 2022 04:11PM ET

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Micron Earnings Beat, Revenue Misses In Q3

Investing.com - Micron (NASDAQ:MU) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Micron announced earnings per share of $2.59 on revenue of $8.64B. Analysts polled by Investing.com anticipated EPS of $2.46 on revenue of $8.68B.

Micron shares are down 40% from the beginning of the year, still down 43.85% from its 52 week high of $98.45 set on January 5. They are under-performing the S&P 500 which is down 20.48% from the start of the year.

Micron shares lost 4.16% in after-hours trade following the report.

Micron follows other major Information Technology sector earnings this month

Micron's report follows an earnings beat by Oracle on June 13, who reported EPS of $1.54 on revenue of $11.84B, compared to forecasts EPS of $1.37 on revenue of $11.61B.

Accenture had missed expectations on June 23 with third quarter EPS of $2.79 on revenue of $16.16B, compared to forecast for EPS of $2.86 on revenue of $16.04B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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