By Allison Prang

Net income and revenue at Micron Technology Inc. (MU) fell but both came in above what analysts were guiding.

Micron had net income of $491 million, down 85% from the comparable quarter a year ago. First-quarter earnings were 43 cents a share, down from $2.81 a share.

Adjusted earnings were 48 cents a share, down from $2.97 a share. Analysts polled by FactSet were expecting 47 cents a share.

Revenue was $5.14 billion, down 35%. Analysts were expecting $4.99 billion.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

December 18, 2019 16:26 ET (21:26 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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