MU - Micron Stock Is Moving Lower Thursday: What's Going On? | Benzinga
Micron Technology Inc (NASDAQ:MU) shares are trading lower Thursday after the company reported third-quarter earnings results and issued lackluster top-line guidance. Here’s what you need to know.
- Q3 Revenue: $6.81 billion, beat estimates of $6.634 billion
- Q3 EPS: 62 cents, beat estimates of 49 cents
Operating cash flow came in at $2.48 billion versus $1.22 billion in the prior quarter and $24 million in the comparable quarter last year. Adjusted free cash flow was $425 million in the quarter. The company ended the quarter with $9.22 billion in cash, marketable securities and restricted cash.
“Robust AI demand and strong execution ...