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Market Impact: 0.45

Micron (MU) Beats Q2 Earnings and Revenue Estimates

Corporate EarningsCompany FundamentalsAnalyst EstimatesTechnology & Innovation

Micron posted quarterly EPS of $12.20, beating the Zacks consensus of $8.80 by $3.40 (+38.6%) and rising from $1.56 a year ago (+~681%). The sizable beat is materially positive for MU's fundamentals and is likely to drive a multi-percent stock move on the print.

Analysis

Micron posted quarterly EPS of $12.20, beating the Zacks consensus of $8.80 by $3.40 (+38.6%) and rising from $1.56 a year ago (+~681%). The sizable beat is materially positive for MU's fundamentals and is likely to drive a multi-percent stock move on the print.

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Market Sentiment

Overall Sentiment

strongly positive

Sentiment Score

0.70