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HomeMarketMicron (MU) This autumn earnings beat Road view; income almost doubles |...

Micron (MU) This autumn earnings beat Road view; income almost doubles | AlphaStreet

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Micron Expertise Inc. (NASDAQ: MU) reported a revenue for the fourth quarter of 2024 in comparison with a loss final 12 months because the chipmaker’s revenues surged 93%. Earnings additionally beat analysts’ forecasts.

The tech agency reported adjusted earnings of $1.18 per share for the fourth quarter, in comparison with a lack of $1.07 per share within the year-ago interval. Earnings topped expectations. On an unadjusted foundation, web revenue was $887 million or $0.79 per share in This autumn, in comparison with a lack of $1.43 billion or $1.31 per share within the corresponding interval of 2023.

Fourth-quarter revenues elevated sharply to $7.75 billion from $4.01 billion within the prior 12 months quarter and got here in above analysts’ consensus estimates.

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