Signage exterior the Micron workplaces in San Jose, California, on Dec. 17, 2024.
David Paul Morris | Bloomberg | Getty Photographs
Micron shares popped 6% in prolonged buying and selling Thursday after the corporate reported second-quarter outcomes that beat analysts’ estimates and supplied better-than-expected steering.
This is how the corporate did:
- Earnings per share: $1.56, adjusted vs. $1.42 anticipated by LSEG
- Income: $8.05 billion vs. $7.89 billion anticipated by LSEG
Income elevated 38% from $5.82 billion throughout the identical interval in 2024, Micron mentioned in a press launch. The reminiscence and storage options firm reported internet earnings of $1.58 billion, or $1.41 per share, up from $793 million, or 71 cents per share, within the year-ago quarter.
Information heart income tripled, the corporate mentioned.
Income for the fiscal third quarter shall be about $8.8 billion, Micron mentioned, topping the $8.5 billion common analyst estimate, in accordance with LSEG. Adjusted earnings shall be roughly $1.57 a share, the corporate mentioned, beating the $1.47 common estimate.
Previous to Thursday’s shut, Micron shares have been up 22% for the yr, whereas the Nasdaq is down greater than 8%.
Micron will host its quarterly name with buyers at 4:30 p.m. ET.
