Micron Technology, Inc. (NASDAQ:MU ) Q4 2024 Earnings Conference Call September 25, 2024 4:30 PM ET Company Participants Satya Kumar - Investor Relations Sanjay Mehrotra - President and Chief Executive Officer Mark Murphy - Executive Vice President and Chief Financial Officer Conference Call Participants Timothy Arcuri - UBS C.J. Muse - Cantor Fitzgerald Krish Sankar - TD Cowen Joseph Moore - Morgan Stanley Vivek Arya - Bank of America Securities Toshiya Hari - Goldman Sachs Operator Thank you for standing by and welcome to Micron's Fourth Quarter 2024 Financial Call.
Although the revenue and EPS for Micron (MU) give a sense of how its business performed in the quarter ended August 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Micron (MU) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to loss of $1.07 per share a year ago.
Micron Technology (MU) shares surged in extended trading Wednesday as the company's revenue and outlook blew past expectations.
Angelo Zino, CFRA senior analyst, joins 'Closing Bell Overtime' to talk Micron earnings.
Barbara Doran, BD8 Capital CEO and Adam Crisafulli, Vital Knowledge Founder, join 'Closing Bell Overtime' to talk Micron earnings.
Micron Technology Inc (NASDAQ:MU) shares surged more than 13% afterhours as the chipmaker's latest quarterly results impressed investors. For the quarter ended August 29, 2024, Micron posted revenue of $7.75 billion, up from $4 billion in the year-ago period.
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Memory-chip giant Micron Technology beat estimates for its fiscal fourth quarter and guided higher than views for the current period.
An analyst said investors were largely expecting Micron to miss on its outlook. Instead the company's forecast topped expectations.
Micron Technology forecast first-quarter revenue above market estimates on Wednesday, betting on strong demand for its high bandwidth memory (HBM) chips used by the AI industry.
The semiconductor company reports earnings after the closing bell today, and Kevin Green expects a "pretty decent" move to the upside or downside. As Micron (MU) works with other big names in A.I.