Micron Technology (NASDAQ: MU) reported Q3 EPS of $1.05, $0.22 better than the analyst estimate of $0.83. Revenue for the quarter came in at $4.79 billion versus the consensus estimate of $4.77 billion.

"Micron's improved competitive position and strong execution helped us deliver solid results despite a challenging environment," said Micron Technology President and CEO Sanjay Mehrotra. "While we are seeing early signs of demand improvement, we plan to reduce our capital expenditures in fiscal 2020 to help improve industry supply-demand balance."

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