Micron Technology, Inc. (NASDAQ:MU) will release earnings results for the third quarter, after the closing bell on Wednesday, June 25.
Analysts expect the Boise, Idaho-based company to report quarterly earnings at $1.61 per share, up from 62 cents per share in the year-ago period. Micron Technology projects to report quarterly revenue at $8.85 billion, compared to $6.81 billion a year earlier, according to data from Benzinga Pro.
Micron and the Trump Administration announced on June 12 that Micron plans to expand its U.S. investments to approximately $150 billion in domestic memory manufacturing and $50 billion in R&D, potentially creating 90,000 direct and indirect jobs.
Micron shares rose 4.8% to close at $127.91 on Wednesday.
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