Micron Technology MU released its fiscal Q2 earnings after the closing bell on Thursday. The company reported a net loss of $224 million, or $0.23 per share, versus net income of $72 million or $0.07 per share, in the year ago quarter.
Net sales at Micron fell to $2.07 billion versus $2.26 billion a year ago.
Going into the report, Wall Street analysts had consensus EPS estimates calling for a loss of $0.19 on revenues of $2.02 billion.
In Thursday's after hours trading session, MU shares have lost 2.53% to $8.49.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in