Semiconductor company Micron Technology(NASDAQ:MU) is set to report third-quarter financial results after market close Wednesday.
Here are the earnings estimates, what analysts are saying and key items to watch.
Earnings Estimates: Analysts expect Micron to report third-quarter revenue of $6.63 billion.
The revenue estimate would be an improvement from $3.75 billion reported in last year’s third quarter. Micron has beaten analysts’ revenue estimates in four straight quarters and seven of the last 10 quarters overall.
Analysts expect Micron to report third-quarter earnings per share of 49 cents, compared to a loss of $1.43 in last year’s third quarter. The company has beaten earnings estimates in four straight quarters and eight of the last 10 quarters.
Company guidance calls for third-quarter revenue to be $6.6 billion, plus of minus $200 million and earnings per share to be 38 cents to 52 cents according to estimates given during the second quarter.