Micron: Fiscal Q3 Earnings Snapshot
The Boise, Idaho-based company said it had profit of $1.68 per share. Earnings, adjusted for one-time gains and costs, came to $1.91 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The chipmaker posted revenue of $9.3 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $8.84 billion.
For the current quarter ending in August, Micron expects its per-share earnings to range from $2.35 to $2.65.
The company said it expects revenue in the range of $10.4 billion to $11 billion for the fiscal fourth quarter.
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