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Thursday, September 20, 2018

Micron (MU) reported earnings on Thur 20 Sept 2018 (a/h)

** charts before earnings **


 




** charts after earnings **






Micron beats by $0.21, beats on revs; will guide for Q1
  • Reports Q4 (Aug) adj. earnings of $3.53 per share, $0.21 better than the S&P Capital IQ Consensus of $3.32; revenues rose 37.5% year/year to $8.44 bln vs the $8.25 bln S&P Capital IQ Consensus ($8.0-8.40 bln guidance), reflecting increased demand broadly across our products and end markets.
  • Gross margin was 61% vs. 59-62% guidance, compared to 60.6 percent in the third quarter benefiting from strong execution across our product portfolio. Operating cash flow +61% to $5.16 bln 
  • "In the fourth quarter, we set revenue records across all our major markets, from automotive and industrial to mobile and cloud datacenters. The secular and diversified growth drivers in our industry combined with accelerating pace of transformation of the new Micron form a tremendous catalyst for us to create enduring value for our customers and investors in 2019 and the years ahead."

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