Investing.com - Micron reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.56 on revenue of $4.87B. Analysts polled by Investing.com expected EPS of $0.51 on revenue of $4.58B. That compared to EPS of $3.53 on revenue of $8.44B in the same period a year earlier. The company had reported EPS of $1.05 on revenue of $4.79B in the previous quarter.
Micron shares lost 3.68% to trade at $46.80 in after-hours trade following the report.
For the year, Micron shares are up 53.14%, outperforming the Nasdaq 100 which is up 25.38% year to date.
Micron follows other major Technology sector earnings this month
On Wednesday, September 11, 2019, Oracle reported first quarter EPS of $0.81 on revenue of $9.22B, compared to forecasts of EPS of $0.81 on revenue of $9.29B.
Adobe earnings beat analyst's expectations on Tuesday, September 17, 2019, with third quarter EPS of $2.05 on revenue of $2.83B. Investing.com analysts expected EPS of $1.97 on revenue of $2.82B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar