Photo credit: Mike Deal, Flickr
Micron Technology MU reported fourth-quarter earnings of $1.08 per share Tuesday, beating the analyst consensus estimate of 99 cents. The company reported sales of $6.06 billion, beating the analyst consensus estimate of $5.89 billion.
The company sees first-quarter adjusted EPS 40-54 cents versus the 69 cent estimate, as well as sales at $5-$5.4 billion versus the $5.31 billion estimate.
"Micron delivered solid fiscal fourth-quarter revenue and EPS resulting from strong DRAM sales in cloud, PC and gaming consoles and an extraordinary increase in QLC NAND shipments," said Micron CEO Sanjay Mehrotra in a statement.
"We look forward to improving market conditions throughout calendar 2021, driven by 5G, cloud, and automotive growth, and we are excited by the continued momentum in our product portfolio."
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