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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Micron Technology    MU

MICRON TECHNOLOGY

(MU)
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Micron: Fiscal 3Q Earnings Snapshot

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06/25/2019 | 04:16pm EDT

BOISE, Idaho (AP) _ Micron Technology Inc. (MU) on Tuesday reported fiscal third-quarter net income of $840 million.

On a per-share basis, the Boise, Idaho-based company said it had profit of 74 cents. Earnings, adjusted for one-time gains and costs, came to $1.05 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The chipmaker posted revenue of $4.79 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $4.66 billion.

Micron shares have risen almost 3% since the beginning of the year, while the Standard & Poor's 500 index has increased 16%. In the final minutes of trading on Tuesday, shares hit $32.66, a decline of 39% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MU at https://www.zacks.com/ap/MU

Automated Insights, source Associated Press News

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Financials (USD)
Sales 2020 20 915 M
EBIT 2020 2 980 M
Net income 2020 2 679 M
Finance 2020 1 226 M
Yield 2020 -
P/E ratio 2020 19,5x
P/E ratio 2021 8,75x
EV / Sales2020 2,32x
EV / Sales2021 1,95x
Capitalization 49 848 M
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Technical analysis trends MICRON TECHNOLOGY
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 53,34  $
Last Close Price 45,16  $
Spread / Highest target 99,3%
Spread / Average Target 18,1%
Spread / Lowest Target -33,6%
EPS Revisions
Managers
NameTitle
Sanjay Mehrotra President, Chief Executive Officer & Director
Robert E. Switz Chairman
Manish Bhatia Executive Vice President-Global Operations
David A. Zinsner Chief Financial Officer & Senior Vice President
Scott J. DeBoer Executive Vice President-Technology Development
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