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  • Micron Technology (MU) Surges On Strong Financial Results 1 comment
    Jan 8, 2014 10:37 AM | about stocks: MU

    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/1/8/saupload_mu.jpg Micron Technology, Inc., (NASDAQ:MU)

    Shares of MU surged on Wednesday's trading session, after the company reported its financial results.

    For the first quarter of fiscal 2014, MU posted revenues of $4.04 billion, a 120% increase year over year, and GAAP net income attributable to MU shareholders of $358 million, or $0.30 per diluted share, compared to GAAP net loss of ($275) million, or ($0.27) per diluted share in the same period the prior year.

    Cash flows from operations for the first quarter of fiscal 2014 were $1.51 billion, while investments in capital expenditures were $669 million. MU ended the first fiscal quarter with cash and marketable investments of $4.41 billion.

    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/1/8/saupload_mu_chart.png

    MU, together with its subsidiaries, manufactures and markets semiconductor solutions worldwide

    More about Micron Technology, Inc., (MU) at www.micron.com

    **

    Read Full Disclaimer at www.mikezaman.com/disclaimer

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: MU
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  • AlGorleone
    , contributor
    Comments (38) | Send Message
     
    Why no mention of $0.77 non-GAAP eps?
    8 Jan 2014, 01:50 PM Reply Like
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