Shares of Micron Technology MU moved higher by 1.5% after the company reported Q1 results.
Quarterly Results
Earnings per share rose 62.50% over the past year to $0.78, which beat the estimate of $0.71.
Revenue of $5,773,000,000 rose by 12.23% from the same period last year, which beat the estimate of $5,730,000,000.
Outlook
Micron Sees Q2 Adj. EPS $0.68-$0.82 vs $0.63 Est., Sales $5.6B-$6.0B vs $5.5B Est.
How To Listen To The Conference Call
Date: Jan 07, 2021
Time: 04:30 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/htygnbix
Recent Stock Performance
52-week high: $78.69
Company's 52-week low was at $31.13
Price action over last quarter: Up 69.80%
Company Profile
Micron historically focused on providing DRAM for PCs and servers. The firm then expanded into the NAND flash memory market. It increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016).
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