Micron Technology (MU) Tops Q4 EPS by $0.07, Offers Mixed Q1 Guidance
(Updated - September 26, 2019 4:06 PM EDT)
Micron Technology (NASDAQ: MU) reported Q4 EPS of $0.56, better than the analyst estimate of $0.49. Revenue for the quarter came in at $4.87 billion versus the consensus estimate of $4.57 billion.
"Micron delivered fourth quarter results ahead of expectations, capping a fiscal 2019 in which we executed well in a challenging environment, significantly improved our competitive position, and returned cash to shareholders through share repurchases," said Micron Technology President and CEO Sanjay Mehrotra. "We are encouraged by signs of improving industry demand, but are mindful of continued near-term macroeconomic and trade uncertainties. As markets recover, Micron is well positioned to address the robust secular demand for memory and storage solutions."
Micron sees Q1 EPS of $0.46 at mid-point vs consensus of $0.48 on revenue of $5 billion at mid-point vs consensus of $4.76 billion.
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