Micron Technology has reported its full year 2024 earnings, with the company falling short of analysts’ expectations for its earnings per share (EPS). The technology company, known for its production of memory and storage solutions, reported a disappointing performance for the year.
Despite posting a revenue increase of 20% compared to the previous year, Micron’s EPS failed to meet projections. The company cited various factors for the miss, including higher costs related to research and development, as well as increased prices for raw materials.
In a statement, Micron Technology CEO highlighted the challenges faced by the company in the past year but remained optimistic about the future. The company remains committed to its long-term growth strategy and plans to continue investing in technology and innovation to drive future success.
Investors may have been disappointed by the EPS miss, but analysts are still bullish on Micron Technology’s prospects. The company’s strong revenue growth signals continued demand for its products, and its leadership in the memory and storage market positions it well for future success.
Overall, Micron Technology’s full year 2024 earnings may not have met expectations, but the company remains optimistic about its future growth prospects. With a commitment to innovation and continued investment in technology, the company is poised to continue its success in the memory and storage market in the years to come.
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