Micron Technology (MU) Tops Q4 EPS by 4c; Issues Light Q1 Outlook

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Micron Technology, Inc., Reports Results for the Fourth Quarter and 2015 Fiscal Year

October 1, 2015 4:10 PM EDT

BOISE, Idaho, Oct. 1, 2015 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (NASDAQ: MU) today announced results of operations for its fourth quarter and 2015 fiscal year, which ended September 3, 2015. Revenues for the fourth quarter of fiscal 2015 were $3.60 billion and were 7 percent lower compared to the third quarter of fiscal 2015 and 15 percent lower compared to the fourth quarter of fiscal 2014. Revenues for fiscal year 2015 were $16.19 billion and net income attributable to Micron shareholders was $2.90 billion, or $2.47 per diluted share. Cash flows from operations were $5.21 billion for fiscal year 2015.

"We are pleased to report Fiscal Year 2015 results that include... More