Investing.com - Micron (NASDAQ:MU) reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Micron announced earnings per share of $2.16 on revenue of $7.69B. Analysts polled by Investing.com anticipated EPS of $2.1 on revenue of $7.68B.
Micron shares are up 9% from the beginning of the year, still down 15.38% from its 52 week high of $96.94 set on April 12. They are under-performing the Nasdaq which is up 16.24% from the start of the year.
Micron follows other major Information Technology sector earnings this month
Micron's report follows an earnings beat by Broadcom on December 9, who reported EPS of $7.81 on revenue of $7.41B, compared to forecasts EPS of $7.74 on revenue of $7.36B.
Adobe had matched expectations on Thursday with fourth quarter EPS of $3.2 on revenue of $4.11B, compared to forecast for EPS of $3.2 on revenue of $4.09B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar