Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2023

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Micron Technology misses expectations, reducing headcount by 10% through 2023

December 21, 2022 4:18 PM EST

(Updated - December 21, 2022 4:25 PM EST)

Micron Technology (NASDAQ: MU) shares edged lower after-hours Wednesday after the company posted its fiscal first-quarter earnings, which missed analyst consensus expectations.

The semiconductor manufacturing firm posted an adjusted loss per share of $0.04, wider than expectations of a $0.01 loss per share, while revenue came in at $4.09 billion, missing the consensus estimate of $4.15... More

Micron Technology (MU) Misses Q1 EPS, Revenues ; Guides

December 21, 2022 4:02 PM EST

(Updated - December 21, 2022 4:04 PM EST)

Micron Technology (NASDAQ: MU) reported Q1 EPS of ($0.04), below the analyst estimate of ($0.01). Revenue for the quarter came in at $4.09 billion versus the consensus estimate of $4.15 billion.

GUIDANCE:

Micron Technology sees Q2 2023 EPS of... More