Micron announced earnings per share of $2.16 on revenue of $7.69B. Analysts polled by Investing.com anticipated EPS of $2.1 on revenue of $7.68B.
Micron shares are up 9% from the beginning of the year, still down 15.38% from its 52 week high of $96.94 set on April 12. They are under-performing the Nasdaq which is up 16.24% from the start of the year.
Micron’s report follows an earnings beat by Broadcom on December 9, who reported EPS of $7.81 on revenue of $7.41B, compared to forecasts EPS of $7.74 on revenue of $7.36B.
Adobe had matched expectations on Thursday with fourth quarter EPS of $3.2 on revenue of $4.11B, compared to forecast for EPS of $3.2 on revenue of $4.09B.
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