Chip giant Micron Technology has provided investors with information about its business development.
Micron Technology ended its first quarter of fiscal 2025 with earnings per share of $1.67. Analysts had expected a plus of $1.76 per share after the chip company had given its investors a loss of $1.12 per share in the same period last year.
Micron Technology’s revenue for the most recent quarter was $8.709 billion. Analysts had expected a strong increase to $8.7 billion, after the US group had sales of $4.73 billion in the same period last year.
In after-hours trading on the NASDAQ, Micron shares temporarily fell by 12.19 percent to $91.23.
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