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)

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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.

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