From Nasdaq:

Micron Technology reported second-quarter fiscal 2024 non-GAAP earnings of 42 cents per share, beating expectations. Revenues surged 58% year over year to $5.8 billion, surpassing estimates. The company’s shares gained 17% in pre-market trading. Micron’s better-than-expected performance was driven by improved market conditions and strong sales executions, especially in compute and networking, storage, and mobile units. The company provided guidance for the third quarter, projecting revenues of $6.60 billion and a non-GAAP gross margin of 26%. Micron Technology’s board also approved a quarterly cash dividend of 11.5 cents per share. Some other top-ranked technology stocks are Logitech International, META Platforms, and monday.com. Logitech’s fiscal 2024 earnings estimate has been revised upward, META Platforms’ earnings estimate has also seen an upward revision, and monday.com’s earnings estimate has also been raised.



Read more at Nasdaq: Micron Technology (MU) Q2 Earnings & Sales Beat Estimates