Micron Technology (MU) Q4 Guidance Tops Views

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

June 20, 2018 4:01 PM EDT

BOISE, Idaho, June 20, 2018 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (NASDAQ: MU) today announced results of operations for its third quarter of fiscal 2018, which ended May 31, 2018.

Fiscal Q3 2018 Highlights

Revenues of $7.80 billion, up 40 percent compared with the same period last yearGAAP net income of $3.82 billion, or $3.10 per diluted shareNon-GAAP net income of $3.90 billion, or $3.15 per diluted shareOperating cash flow of $4.26 billion, compared with $2.41 billion for the same period last yearEnded the quarter with a net cash positive position

"Micron delivered record... More