Micron Technology (MU) Tops Q3 EPS by 3c

June 20, 2018 4:01 PM EDT

Micron Technology (NASDAQ: MU) reported Q3 EPS of $3.15, $0.03 better than the analyst estimate of $3.12. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.75 billion.

Micron sees Q4 revenue of $8-$8.4 billion vs consensus of $8.07 billion. Micron sees Q4 EPS of $3.30, plus or minus 7 cents, compared to consensus of $3.21.

"Micron delivered record results in financial performance for the third fiscal quarter, supported by strong execution and ongoing secular demand trends," said Micron President and CEO Sanjay Mehrotra. "We strengthened our competitive position and grew our revenue across virtually all of our high-value product segments. We set new records for revenue in SSDs, Mobile Managed NAND and Automotive solutions along with Cloud/Enterprise and Graphics DRAM Memory. We see ongoing momentum and healthy industry fundamentals in the fourth quarter to close out an exceptionally strong fiscal 2018."

For earnings history and earnings-related data on Micron Technology (MU) click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance, Hot Earnings

Related Entities