Micron Technology (MU) Tops Q1 EPS by 5c

Micron Technology (NASDAQ: MU) reported Q1 EPS of $0.97, $0.05 better than the analyst estimate of $0.92. Revenue for the quarter came in at $4.57 billion versus the consensus estimate of $4.62 billion.

The company’s overall consolidated gross margin of 36 percent for the first quarter of fiscal 2015 was up from 33 percent for the fourth quarter of fiscal 2014.

"Micron's execution and continued favorable market conditions led to a strong first quarter with record revenues and operating cash flows," said CEO Mark Durcan.

GUIDANCE:

Micron sees Q2 revenue of $4.1-$4.3 billion, versus consensus estimates at $4.53 billion

For earnings history and earnings-related data on Micron Technology (MU) click here.

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