Micron Technology (MU) Tops Q2 EPS by 4c

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Micron Technology, Inc., Reports Results for the Second Quarter of Fiscal 2019

March 20, 2019 4:01 PM EDT

BOISE, Idaho, March 20, 2019 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced results for its second quarter of fiscal 2019, which ended Feb. 28, 2019.

Fiscal Q2 2019 Highlights

Revenue of $5.84 billion, versus $7.35 billion for the same period last yearGAAP net income of $1.62 billion, or $1.42 per diluted shareNon-GAAP net income of $1.97 billion, or $1.71 per diluted shareOperating cash flow of $3.44 billion versus $4.35 billion for the same period last yearShare repurchases of $702 million under the authorized buyback program

"Micron continues to execute well across a range of... More