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Micron Surges in Spite of Light Guidance: 6 Key Takeaways

Eric Jhonsa

On Wednesday afternoon, Micron reported February quarter (fiscal second quarter) revenue of $5.84 billion (down 21% annually) and non-GAAP EPS of $1.71, beating consensus analyst estimates of $5.8 billion and $1.60. Depressed near-term expectations are helping, and so might Micron's forecast for a second-half sales pickup. Here are some notable takeaways from Micron's earnings report and call.