Micron Earnings, Revenue beat in Q3 By Investing.com

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

Micron announced earnings per share of $1.88 on revenue of $7.42B. Analysts polled by Investing.com anticipated EPS of $1.7 on revenue of $7.2B.

Micron shares are up 13% from the beginning of the year and are trading at $84.71 , down-from-52-week-high.They are broadly in line with the Nasdaq which is up 12.54% from the start of the year.

Micron shares lost 0.36% in after-hours trade the report.

Micron follows other major Information Technology sector earnings this month

Micron’s report follows an earnings beat by Adobe on June 17, who reported EPS of $3.03 on revenue of $3.84B, compared to forecasts EPS of $2.81 on revenue of $3.73B.

Oracle had beat expectations on June 15 with fourth quarter EPS of $1.54 on revenue of $11.23B, compared to forecast for EPS of $1.31 on revenue of $11.02B.

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