5 Things Micron Technology's Management Wants You to Know
Memory chip giant Micron Technology (NASDAQ: MU) reported first-quarter results Tuesday night, and it was a doozy. Micron smashed analyst targets across the board, and share prices jumped as much as 6.4% higher on Wednesday.
Revenues rose 71% year over year, landing at $6.8 billion; the analyst consensus only called for $6.4 billion. On the bottom line, adjusted earnings rose more than sixfold to $2.45 per diluted share. Here, your average analyst would have settled for $2.19 per share. Looking ahead, Micron's management also issued second-quarter guidance targets far ahead of current analyst views.
That's Micron's first quarter of fiscal year 2018 by the numbers. To get a deeper understanding of how the business is developing, let's take a dive into management's earnings call with analysts.
Source: Fool.com
Micron Technology Inc. Stock
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