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Micron Know-how (NASDAQ:MU) Second Quarter 2024 Outcomes
Key Monetary Outcomes
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Income: US$5.82b (up 58% from 2Q 2023).
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Internet revenue: US$793.0m (up from US$2.31b loss in 2Q 2023).
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Revenue margin: 14% (up from internet loss in 2Q 2023). The transfer to profitability was primarily pushed by greater income.
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EPS: US$0.72 (up from US$2.12 loss in 2Q 2023).
All figures proven within the chart above are for the trailing 12 month (TTM) interval
Micron Know-how Revenues and Earnings Beat Expectations
Income exceeded analyst estimates by 8.8%. Earnings per share (EPS) additionally surpassed analyst estimates.
Wanting forward, income is forecast to develop 24% p.a. on common through the subsequent 3 years, in comparison with a 16% development forecast for the Semiconductor trade within the US.
Performance of the American Semiconductor industry.
The corporate’s shares are up 18% from every week in the past.
Threat Evaluation
It is nonetheless needed to contemplate the ever-present spectre of funding threat. We’ve identified 1 warning sign with Micron Technology, and understanding this ought to be a part of your funding course of.
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This text by Merely Wall St is normal in nature. We offer commentary based mostly on historic knowledge and analyst forecasts solely utilizing an unbiased methodology and our articles will not be supposed to be monetary recommendation. It doesn’t represent a advice to purchase or promote any inventory, and doesn’t take account of your targets, or your monetary state of affairs. We goal to carry you long-term targeted evaluation pushed by elementary knowledge. Observe that our evaluation could not issue within the newest price-sensitive firm bulletins or qualitative materials. Merely Wall St has no place in any shares talked about.
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