Micron (MU) Crushes Q3 Earnings & Revenue Estimates, Up Y/Y

Micron Technology, Inc. (MU) reported overwhelming third-quarter fiscal 2024 results, wherein the top and bottom lines surpassed the respective Zacks Consensus Estimate and marked a significant year-over-year improvement. The key metrics, including revenues, gross margin and earnings per share, came above the high end of management’s guidance range.Micron reported non-GAAP earnings of 62 cents per share, significantly higher than the consensus mark of 50 cents and management’s forecast of 45 cents (+/- 7 ce ...