Micron skyrockets on better than expected Q2 earnings report

Micron Technology (MU) reported better-than-expected fiscal second quarter results. The company reported adjusted earnings per share of $0.42. Analysts had been expecting a $0.24 loss. Adjusted revenue of $5.82 billion topped estimates of $5.35 billion.
However, it was likely the forecast for the third quarter that sent shares soaring in after-hours trading. Micron expects adjusted revenue in a range of $6.4-$6.8 billion versus a $5.99 billion estimate and adjusted earnings per share of $0.38-$0.52 compared to estimates of $0.24.
Yahoo Finance's Julie Hyman and Josh Lipton break down the report.
#youtube #tech #stockmarket
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance