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HomeMarketMicron (MU) Q3 2024 revenue exceeds expectations; income up 82% | AlphaStreet

Micron (MU) Q3 2024 revenue exceeds expectations; income up 82% | AlphaStreet


Micron Expertise Inc. (NASDAQ: MU) reported a pointy enhance in revenues for the third quarter of 2024, and the chipmaker turned to a revenue from a loss final 12 months. The outcomes additionally surpassed Wall Avenue’s projections.

Micron reported an adjusted revenue of $0.62 per share for the Could quarter, in comparison with a lack of $1.43 per share within the year-ago quarter. Earnings additionally topped expectations. On an unadjusted foundation, internet earnings was $332 million or $0.30 per share in Q3, in comparison with a lack of $1.90 billion or $1.73 per share within the corresponding interval of 2023.

Third-quarter revenues elevated sharply to $6.81 billion from $3.75 billion within the prior 12 months quarter and got here in above analysts’ consensus estimates.

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