Investing.com - Micron (NASDAQ:MU) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Micron announced earnings per share of $0.82 on revenue of $5.44B. Analysts polled by Investing.com anticipated EPS of $0.75 on revenue of $5.26B.
Micron shares are down 8% from the beginning of the year and are trading at $52.35 , down-from-52-week-high.They are under-performing the S&P 500 which is down 5.5% year to date.
Micron shares gained 6.51% in after-hours trade following the report.
Micron follows other major Technology sector earnings this month
Micron's report follows an earnings beat by Adobe on Thursday, June 11, 2020, who reported EPS of $2.45 on revenue of $3.13B, compared to forecasts EPS of $2.32 on revenue of $3.16B.
Oracle had beat expectations on Tuesday, June 16, 2020 with fourth quarter EPS of $1.2 on revenue of $10.44B, compared to forecast for EPS of $1.14 on revenue of $10.45B.
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