Micron Technology Inc. (NASDAQ:MU) reported better-than-expected financial results for the third quarter after the market closed on Wednesday.
Micron reported third-quarter revenue of $9.3 billion, beating the consensus estimate of $8.87 billion. The company reported third-quarter adjusted earnings of $1.91 per share, beating analyst estimates of $1.60 per share, according to Benzinga Pro.
“Micron delivered record revenue in fiscal third quarter, driven by all-time-high DRAM revenue, including nearly 50% sequential growth in HBM revenue. Data center revenue more than doubled year-over-year and reached a quarterly record, and consumer-oriented end markets had strong sequential growth,” said Sanjay Mehrotra, president and CEO of Micron.
The company said it expects fourth-quarter revenue of …