Micron Technology (MU) Tops Q1 EPS by 1c, Q2 EPS Guidance Misses Consensus

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Go back to Micron Technology (MU) Tops Q1 EPS by 1c, Q2 EPS Guidance Misses Consensus

Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2020

December 18, 2019 4:02 PM EST

Solid results through challenging environment; well-positioned for anticipated recovery starting in the fiscal third quarter

BOISE, Idaho, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2020, which ended November 28, 2019.

Fiscal Q1 2020 highlights

Revenues of $5.14 billion versus $4.87 billion for the prior quarter and $7.91 billion for the same period last yearGAAP net income of $491 million, or $0.43 per diluted shareNon-GAAP net income of $548 million, or $0.48 per diluted shareOperating cash flow of $2.01 billion versus $2.23... More