Micron Earnings, Revenue beat in Q2 By Investing.com

Micron (NASDAQ:MU) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Micron announced earnings per share of $0.98 on revenue of $6.24B. Analysts polled by Investing.com anticipated EPS of $0.9336 on revenue of $6.16B.

Micron shares are up 17% from the beginning of the year and are trading at $88.21 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 1.58% from the start of the year.

Micron follows other major Technology sector earnings this month

Micron’s report follows an earnings beat by Adobe on March 23, who reported EPS of $3.14 on revenue of $3.91B, compared to forecasts EPS of $2.79 on revenue of $3.75B.

Oracle had beat expectations on March 10 with third quarter EPS of $1.16 on revenue of $10.09B, compared to forecast for EPS of $1.11 on revenue of $10.07B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar