Micron Expertise (NASDAQ:) shares rose greater than 4% after-hours following the companys reported Q2 outcomes, with EPS of $2.14 coming in higher than the consensus estimate of $1.97. Income got here in at $7.79 billion, beating the consensus estimate of $7.53 billion. Along with the robust earnings, Micron posted $1 billion in free money circulate.
In line with Sanjay Mehrotra, the President and CEO of Micron Expertise, the corporate is main the trade in know-how throughout DRAM and NAND, and is on observe to ship report income and strong profitability in fiscal 2022 following an impressive 1st-half.
The corporate supplied its Q3/22 outlook, anticipating the EPS to vary from $2.56 to $2.36, in comparison with the consensus of $2.21, and income to vary from $8.5 billion to $8.9 billion, in comparison with the consensus of $8.06 billion.
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