Micron announced earnings per share of $1.08 on revenue of $6.06B. Analysts polled by Investing.com anticipated EPS of $0.99 on revenue of $5.9B.
Micron shares are down 5% from the beginning of the year, still down 17.13% from its 52 week high of $61.19 set on February 12. They are under-performing the S&P 500 which is up 3.24% from the start of the year.
Micron shares gained 0.57% in after-hours trade following the report.
Micron follows other major Technology sector earnings this month
Micron’s report follows an earnings beat by Adobe on September 15, who reported EPS of $2.57 on revenue of $3.23B, compared to forecasts EPS of $2.41 on revenue of $3.16B.
Oracle had beat expectations on September 10 with first quarter EPS of $0.93 on revenue of $9.37B, compared to forecast for EPS of $0.86 on revenue of $9.17B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar