Micron Technology (MU) Lifted to $43 at Piper Jaffray; More Growth Ahead

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Micron Technology, Inc., Reports Results for the Fourth Quarter and 2014 Fiscal Year

September 25, 2014 4:04 PM EDT

BOISE, Idaho, Sept. 25, 2014 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (Nasdaq: MU) today announced results of operations for its fourth quarter and 2014 fiscal year, which ended August 28, 2014. Revenues for the fourth quarter of fiscal 2014 were $4.23 billion and were 6 percent higher compared to the third quarter of fiscal 2014 and 49 percent higher compared to the fourth quarter of fiscal 2013. Revenues for fiscal year 2014 were $16.36 billion and net income attributable to Micron shareholders was $3.05 billion, or $2.54 per diluted share. Cash flows from operations were $5.70 billion for fiscal year 2014.

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