Micron Technology reported record fiscal Q2 sales of $23.86 billion, a 196% increase from $8.05 billion year-over-year, driven by high demand for AI-related memory products. The company’s Q2 EPS reached $12.20, surpassing expectations of $8.80 by 39%. Micron forecasts Q3 sales of $33.5 billion, significantly higher than the projected $22.79 billion, indicating a strong growth trajectory.
FedEx also announced strong fiscal Q3 results, with EPS of $5.25 exceeding predictions of $4.14 by nearly 27%. The company raised its full-year EPS outlook to between $19.30 and $20.10, up from previous guidance and above Wall Street’s estimate of $18.58. This positions FedEx closer to achieving $100 billion in annual sales.
H World Group Limited, a major hotel operator in China, reported Q4 EPS of $0.58, exceeding estimates of $0.41 by 41%. The company’s performance benefited from rising travel demand and a strong asset-light business model, marking a significant recovery in the market.
