Micron Earnings, Revenue beat in Q1 By Investing.com

Micron (NASDAQ:MU) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Micron announced earnings per share of $0.78 on revenue of $5.77B. Analysts polled by Investing.com anticipated EPS of $0.6928 on revenue of $5.66B.

Micron shares are up 5% from the beginning of the year and are trading at $79.11 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 0.4% from the start of the year.

Micron follows other major Technology sector earnings this month

Micron’s report follows an earnings beat by Adobe on December 10, 2020, who reported EPS of $2.81 on revenue of $3.42B, compared to forecasts EPS of $2.66 on revenue of $3.36B.

Oracle had beat expectations on December 10, 2020 with second quarter EPS of $1.06 on revenue of $9.8B, compared to forecast for EPS of $0.9979 on revenue of $9.77B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar