Trending: Micron Technology 4Q Revenue Drops, Swings to Loss
29 September 2023 - 1:17AM
Dow Jones News
10:46 ET -- Micron Technology is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Micron had $4.01 billion in revenue for
the fourth quarter, down from $6.64 billion a year earlier.
Analysts polled by FactSet expected $3.95 billion. The company
posted an adjusted loss of $1.07 a share, compared with adjusted
earnings of $1.45 a share in the year-ago period. Analysts polled
by FactSet expected an adjusted loss of $1.15 a share. Micron swung
to a loss of $1.43 billion from earnings of $1.49 billion in the
prior-year period. Analysts polled by FactSet expected a loss of
$1.37 billion. Dow Jones & Co. owns Factiva.
(chris.wack@wsj.com)
(END) Dow Jones Newswires
September 28, 2023 11:02 ET (15:02 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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