Micron (NASDAQ:MU) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.71 on revenue of $5.84B. Analysts polled by expected EPS of $1.66 on revenue of $5.86B. That compared to EPS of $2.82 on revenue of $7.35B in the same period a year earlier. The company had reported EPS of $2.97 on revenue of $7.91B in the previous quarter.
Micron shares gained 1.10% to trade at $40.59 in after-hours trade following the report.
Micron follows other major Technology sector earnings this month
On March 14, Oracle reported third quarter EPS of $0.87 on revenue of $9.61B, compared to forecasts of EPS of $0.84 on revenue of $9.58B.
Adobe earnings beat analyst's expectations on March 14, with first quarter EPS of $1.71 on revenue of $2.6B. analysts expected EPS of $1.62 on revenue of $2.55B
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