Micron Technology: Q3 beats consensus
(CercleFinance.com) - On Monday evening Micron Technology announced Q3 2019-20 adjusted net income of 941 million dollars, representing EPS of 82 cents, i.
e. eight cents above the consensus.
The Idaho-based semiconductor manufacturer saw its adjusted operating margin contract to 18%, compared with 23.2% a year earlier, while revenues rose by nearly 14% year-on-year to 5.44 billion dollars.
For Q4, management expects adjusted EPS of 95 cents to 115 cents, with revenues of between 5.75 billion and 6.25 billion dollars.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
e. eight cents above the consensus.
The Idaho-based semiconductor manufacturer saw its adjusted operating margin contract to 18%, compared with 23.2% a year earlier, while revenues rose by nearly 14% year-on-year to 5.44 billion dollars.
For Q4, management expects adjusted EPS of 95 cents to 115 cents, with revenues of between 5.75 billion and 6.25 billion dollars.
Copyright (c) 2020 CercleFinance.com. All rights reserved.