nvesting.com -- Micron reported Wednesday fiscal third-quarter results that beat Wall Street estimates on as the growing need for artificial intelligence-optimised hardware boosted memory chip demand.adjusted EPS of $0.62 a share on revenue of $6.81 billion. Analysts polled by Investing.com anticipated a loss of $0.48 a share on revenue of $6.66B.
Looking ahead, the company guided fiscal fourth-quarter adjusted earnings per share of $1.00 to $1.16, while revenue was expected in a range of $7.40 billion to $7.80B, in-line with estimates for EPS of $1.01 and revenue of $7.56B.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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