Micron CEO Sanjay Mehrotra, President Joe Biden commented on Chips and Science Act and commenting on his investment in the US agenda, Milton J. on 25 April 2024. Said at the Rubensin Museum.
Andrew Cablero-Renolds | AFP | Getty images
Micron After the chipmaker informed the better-and-and-with revenue, the shares were increased in the extended business on Wednesday and a forecast was released which was also at the top of the estimates of analysts.
Here is described how the company did compared to LSEG consensus:
- earnings per share: $ 1.91, adjusted vs $ 1.60 expected
- Income: $ 9.3 billion vs $ 8.87 billion is expected
Micron Said According to LSEG, revenue in the current period, its financial fourth quarter, will be around $ 10.7 billion, which would be ahead of $ 7.75 billion to 38% and $ 9.9 billion average analyst estimates a year ago.
The revenue of the data center exceeded double in the third quarter, said Micron said, as the total sales had increased by $ 6.81 billion from $ 6.81 billion a year ago. The company has seen high bandwidth memory, or HBM, increasing demand in the market artificial intelligence Boom.
Micron CEO, Sanjay Mehrotra said in the earnings release that the company is making disciplined investments to manufacture our technology leadership and manufacturing excellence to satisfy the growing AI-managed memory demand. “
After Wednesday’s closure, Micron’s stocks were 51% for the year, while Nasdaq has increased by 3.4%.
