Micron Technology (MU) Tops Q2 EPS by 5c

March 23, 2017 4:04 PM EDT

Micron Technology (NASDAQ: MU) reported Q2 EPS of $0.90, $0.05 better than the analyst estimate of $0.85. Revenue for the quarter came in at $4.65 billion versus the consensus estimate of $4.64 billion.

"Strong demand and limited industry supply for NAND and DRAM solutions, combined with significant progress on our cost reduction plan, produced excellent results for our second quarter," said Micron CEO Mark Durcan. "I'm proud of the team's execution on critical technology and operational initiatives, which will allow us to continue to capitalize on market trends."

Micron sees Q3 EPS of $1.43-$1.57 and revs of $5.2-$5.6 billion, versus the consensus of $0.89 and $4.7 billion, respectively.

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

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