Micron Technology (MU) Tops Q1 EPS by 26c, Q2 Guidance Tops Views

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Micron Technology, Inc., Reports Results for the First Quarter of Fiscal 2018

December 19, 2017 4:00 PM EST

BOISE, Idaho, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (NASDAQ: MU) today announced results of operations for its first quarter of fiscal 2018, which ended November 30, 2017.

Fiscal Q1 2018 Highlights

Revenues of $6.80 billion, 71 percent higher compared with the same period last yearGAAP net income of $2.68 billion, or $2.19 per diluted shareNon-GAAP net income of $2.99 billion, or $2.45 per diluted shareOperating cash flow of $3.64 billion, 220 percent higher compared with the same period last year

"Micron's strong results were driven by double-digit sequential revenue growth in mobile, server and... More