Micron reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.48 on revenue of $5.14B. Analysts polled by anticipated EPS of $0.47 on revenue of $5B. That compared to EPS of $2.97 on revenue of $7.91B in the same period a year earlier. The company had reported EPS of $0.56 on revenue of $4.87B in the previous quarter.
Micron shares gained 4.18% to trade at $55.30 in after-hours trade following the report.
Micron follows other major Technology sector earnings this month
On December 12, Oracle reported second quarter EPS of $0.9 on revenue of $9.62B, compared to forecasts of EPS of $0.89 on revenue of $9.65B.
Adobe earnings beat analysts' expectations on December 12, with fourth quarter EPS of $2.29 on revenue of $2.99B. analysts expected EPS of $2.26 on revenue of $2.97B
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