Micron reported EPS of USD 1.18 for the fourth quarter of the 2024 financial year. The company was thus back in the black after posting a loss of USD 1.31 per share in the same quarter of the previous year. Analysts had previously expected earnings per share of USD 1.11.
Turnover increased from 4.01 billion US dollars to 7.75 billion US dollars in the last quarter of the year. The experts' forecast of 7.65 billion US dollars was also exceeded here.
Micron better for the year
For the year as a whole, the AI profiteer reported earnings per share of USD 1.30, which was above the figure expected by analysts (USD 1.21 per share). In the previous fiscal year, Micron posted negative EPS of USD 5.34.
Meanwhile, revenues rose to 25.11 billion US dollars. Analysts surveyed by FactSet had expected this figure to be USD 25.03 billion, up from USD 15.54 billion in the previous year.
