Below are the key financial results for Micron Technology (MU) for the first quarter:
- **Earnings:** Micron Technology recorded earnings of $1.87 billion in Q1, a significant improvement from a loss of $1.23 billion during the same quarter of the previous year.
- **Earnings Per Share (EPS):** The EPS for the first quarter stood at $1.67, compared to a negative $1.12 in the equivalent period the prior year. When adjusted for certain items, Micron reported earnings of $2.04 billion or $1.79 per share for this quarter.
- **Analyst Expectations:** Analysts had anticipated an EPS of $1.77.
- **Revenue:** The company's revenue reached $8.709 billion in Q1, up from $4.726 billion in the same quarter of the previous year.
**Guidance for the Next Quarter:**
- **EPS Guidance:** Projected to range between $1.33 and $1.53.
- **Revenue Guidance:** Expected to fall between $7.70 billion and $8.1 billion.
The material has been provided by InstaForex Company - www.instaforex.com
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