Micron reports Q3 revenue down 57% YoY to $3.75B, but beats estimates of $3.69B, and forecasts a strong Q4, saying the memory industry has passed its trough (Ian King/Bloomberg) 29-06-2023

Ian King / Bloomberg:
Micron reports Q3 revenue down 57% YoY to $3.75B, but beats estimates of $3.69B, and forecasts a strong Q4, saying the memory industry has passed its trough — Micron Technology Inc. gave an upbeat forecast for the current period, indicating that an industry glut is easing even as the chipmaker continues to face challenges in China.