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Micron Technology: Q1 Earnings Insights

Benzinga Insights
·1 min read

Shares of Micron Technology (NASDAQ:MU) moved higher by 1.5% after the company reported Q1 results.

Quarterly Results

Earnings per share rose 62.50% over the past year to $0.78, which beat the estimate of $0.71.

Revenue of $5,773,000,000 rose by 12.23% from the same period last year, which beat the estimate of $5,730,000,000.

Outlook

Micron Sees Q2 Adj. EPS $0.68-$0.82 vs $0.63 Est., Sales $5.6B-$6.0B vs $5.5B Est.

How To Listen To The Conference Call

Date: Jan 07, 2021

Time: 04:30 PM

View more earnings on MU

ET Webcast URL: https://edge.media-server.com/mmc/p/htygnbix

Recent Stock Performance

52-week high: $78.69

Company's 52-week low was at $31.13

Price action over last quarter: Up 69.80%

Company Profile

Micron historically focused on providing DRAM for PCs and servers. The firm then expanded into the NAND flash memory market. It increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016).

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