SureTrader
Interactive Brokers Advertisement
Home > Boards > Stock Clubs > Technical Analysis > TRADING 14 SA FOR MNKD and MU

6/29 Micron Q3 beats estimates, OCF doubled on

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
TREND1 Member Profile
Member Level 
Followed By 386
Posts 47,094
Boards Moderated 47
Alias Born 12/16/01
160x600 placeholder
TREND1 Member Level  Thursday, 06/29/17 04:52:17 PM
Re: None
Post # of 190 
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


Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist