Micron Technology (MU) Tops Q4 EPS by 2c

Micron Technology (NASDAQ: MU) reported Q4 EPS of $0.82, $0.02 better than the analyst estimate of $0.80. Revenue for the quarter came in at $4.23 billion versus the consensus estimate of $4.15 billion.

"We are pleased with the company's performance that resulted in record revenue and earnings for the year," said CEO Mark Durcan. "Continued favorable market conditions and steady execution led to increases in sales volumes and another quarter of strong operating margins and earnings per share."

An up-front charge recorded in the fourth quarter of fiscal 2014 associated with the company's recently executed patent license agreement with Tessera Technologies led to a small decline in consolidated gross margin as compared to the third quarter of fiscal 2014. Cash flows from operations were $1.35 billion for the fourth quarter of fiscal 2014, while investments in capital expenditures were $1.33 billion. The company ended the fourth quarter of fiscal 2014 with cash and marketable investments of $5.35 billion.

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

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