Lates News

Micron Technology reported adjusted revenue of $11.32 billion in the fourth quarter, exceeding analysts' expectations of $11.15 billion. The adjusted operating profit for the fourth quarter was $3.96 billion, surpassing analysts' expectations of $3.67 billion. The gross profit margin for the fourth quarter was 45.7%, higher than analysts' expectations of 44.3%. For the first quarter, Micron Technology expects adjusted revenue to be between $12 billion and $12.8 billion, while analysts had predicted $11.91 billion. The expected gross profit margin for the first quarter is between 50.5% and 52.5%, compared to analysts' expectations of 45.7%. Micron Technology's stock (MU) rose by 3.7% after hours, while Western Digital and Sandisk also saw increases in after-hours trading.