© Reuters. Micron Earnings, Revenue Beat in Q1
Micron announced earnings per share of $0.78 on revenue of $5.77B. Analysts polled by Investing.com anticipated EPS of $0.6928 on revenue of $5.66B.
Micron shares are up 5% from the beginning of the year, still down 1.19% from its 52 week high of $80.06 set on January 7. They are outperforming the Nasdaq 100 which is up 0.4% 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 December 10, 2020, who reported EPS of $2.81 on revenue of $3.42B, compared to forecasts EPS of $2.66 on revenue of $3.36B.
Oracle had beat expectations on December 10, 2020 with second quarter EPS of $1.06 on revenue of $9.8B, compared to forecast for EPS of $0.9979 on revenue of $9.77B.
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