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With a market cap of $72.3 billion, Micron Technology, Inc. (MU) designs, develops, manufactures, and sells memory and storage products in the United States and internationally. Founded in 1978, the Boise, Idaho-based company operates through the Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit segments. MU is expected to announce its Q3 results on Wednesday, Jun. 25.
Ahead of the event, analysts expect MU to report an adjusted profit of $1.41 per share, up 227.9% from the year-ago quarter's profit of $0.43 per share. Moreover, the company has surpassed analysts' earnings estimates in each of the past four quarters.
