MU - Micron Technology Stock Drops Over 5% In Pre-Market Despite Beating Q3 Revenue Estimates — Here's Why | Benzinga
Micron Technology, Inc., (NASDAQ:MU) witnessed a 5.47% drop in its shares during Thursday’s pre-market trading, as per Benzinga Pro. This decline came on the heels of the company’s third-quarter earnings disclosure.
The company exceeded analyst estimates on both revenue and earnings per share (EPS). Micron reported a revenue of $6.81 billion, surpassing the consensus estimate of $6.634 billion, and an adjusted EPS of $0.62, beating analyst estimates of $0.49.
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