Micron: Q1 EPS just edges expectations
(CercleFinance.com) - Micron Technology has announced adjusted net income of 548 million dollars for Q1 2019-20, meanings EPS of 48 cents, which is one cent above the consensus.
However, the Idaho-based semiconductor manufacturer saw its adjusted operating margin fall sharply to 11.5%, from 49.1% a year ago, for revenues that are down 35% year-on-year at 5.14 billion of dollars.
For the current quarter, Micron Technology's management says that it expects adjusted EPS of 35 cents (plus or minus six cents), as well as revenues of between 4.5 billion and 4.8 billion dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
However, the Idaho-based semiconductor manufacturer saw its adjusted operating margin fall sharply to 11.5%, from 49.1% a year ago, for revenues that are down 35% year-on-year at 5.14 billion of dollars.
For the current quarter, Micron Technology's management says that it expects adjusted EPS of 35 cents (plus or minus six cents), as well as revenues of between 4.5 billion and 4.8 billion dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.