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TREND1

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Thursday, 06/29/2017 4:52:17 PM

Thursday, June 29, 2017 4:52:17 PM

Post# of 216
6/29 Micron Q3 beats estimates, OCF doubled on year; shares up aftermarket

• Micron Technology (NASDAQ:MU) reports Q3 results with EPS and revenue beats. Revenue growth primarily due to 14% increase in DRAM selling prices and 17% increase in trade NAND sales volumes.

• Non-GAAP gross margin was 48% due to lower manufacturing costs for NAND and DRAM and the lower selling prices.

• CapEx was $1.27B and Micron ended the quarter with $4.93 in cash and short-term investments. Cash flow from operations more than doubled on the year to $4.9B.



https://seekingalpha.com/news/3276401-micron-q3-beats-estimates-ocf-doubled-year-shares-aftermarket?uprof=51#email_link

MAIN BOARD http://investorshub.advfn.com/TRADING-3X-TNA-TQQQ-SPXL-RUS-2000-FUTURES-12981/

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