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00:02Micron Technology reported adjusted fourth quarter earnings of $33.42 per share, beating
00:08estimates of $31.45, according to Benzinga Pro.
00:12Revenue came in at $54.23 billion, topping expectations of $50.75 billion.
00:18Revenue rose approximately 379% year-over-year.
00:22Micron expects first quarter revenue of $60 billion to $63 billion, above estimates of
00:28$56.55 billion, and adjusted earnings of $37.15 to $39.15 per share, compared with estimates
00:36of $35.07.
00:38The company generated $33.20 billion in adjusted free cash flow, and ended the quarter with
00:44$73.48 billion in cash, marketable investments, and restricted cash.
00:50Micron also declared a quarterly dividend of $0.15 per share.
00:54Shares were up 1.57% in after-hours trading on Wednesday, trading at $1,082 at the time
01:00of publication, according to Benzinga Pro.
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