Investing.com - Micron (NASDAQ:MU) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Micron announced earnings per share of $1.88 on revenue of $7.42B. Analysts polled by Investing.com anticipated EPS of $1.7 on revenue of $7.2B.
Micron shares are up 13% from the beginning of the year and are trading at $84.71 , down-from-52-week-high.They are broadly in line with the Nasdaq which is up 12.54% from the start of the year.
Micron shares lost 0.36% in after-hours trade after the report.
Micron follows other major Information Technology sector earnings this month
Micron's report follows an earnings beat by Adobe on Thursday, June 17, 2021, who reported EPS of $3.03 on revenue of $3.84B, compared to forecasts EPS of $2.81 on revenue of $3.73B.
Oracle had beat expectations on Tuesday, June 15, 2021 with fourth quarter EPS of $1.54 on revenue of $11.23B, compared to forecast for EPS of $1.31 on revenue of $11.02B.
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