Micron Technology (MU) Q3 Results 'Solid'

June 19, 2013 5:18 PM EDT
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RBC Capital's Doug Freedman called Q3 results from Micron Technology, Inc. (NASDAQ: MU) tonight "solid."

"Net/net: Other than the ~$50mil charges, numbers were mostly in-line with our expectations. On the DRAM side, revenues were stronger than our expectations. On the NAND side, sales were curtailed by bits shipped. We expect to gain more color on this during the call. MU remains optimistic Elpida will close in the current AugQ," Freedman said.

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