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 and are trading at $52.98 , down-from-52-week-high.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 Monday, June 13, 2022, 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 Thursday, June 23, 2022 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.
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