Micron (MU) Shares Look Interesting Despite the Miss - Wells Fargo

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Micron Technology, Inc., Reports Results for the First Quarter of Fiscal 2016

December 22, 2015 4:09 PM EST

BOISE, Idaho, Dec. 22, 2015 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (NASDAQ: MU) today announced results of operations for its first quarter of fiscal 2016, which ended December 3, 2015. Revenues for the first quarter of fiscal 2016 were $3.35 billion and were 7 percent lower compared to the fourth quarter of fiscal 2015 and 27 percent lower compared to the first quarter of fiscal 2015. Cash flows from operations were $1.12 billion for the first quarter of fiscal 2016.

GAAP Income and Per Share Data On a GAAP(1) basis, net income attributable to Micron shareholders for the first quarter of fiscal 2016 was... More