Newssos
Micron shares jumped more than 16% in premarket trading Wednesday after the company reported revenue of $41.46 billion — more than four times the $9.3 billion it posted in the year-earlier period.
The result, which Micron disclosed Wednesday, drew an immediate and emphatic verdict from markets.
Revenue Scale That Resets the Baseline The arithmetic is stark: Micron's revenue grew from $9.3 billion to $41.46 billion in a single year, a quadrupling that places the company's current top line in an entirely different category from where it stood twelve months prior.
A gain of that magnitude is unusual at any company of meaningful size, where growth is typically measured in single-digit or double-digit percentage increments.
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