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