Micron: Q4 adjusted EPS more than doubles
(CercleFinance.com) - On Tuesday night Micron Technology reported adjusted net income of 2.
78 billion dollars for Q4 2020-21, meaning EPS of 2.42 dollars, more than double (+124%) the level in the same period a year ago.
The Idaho-based semiconductor manufacturer's adjusted operating margin improved to 37.1%, up from 21.5% the previous year, on revenues that increased by nearly 37% y-o-y to 8.27 billion dollars.
With FY adjusted EPS of 6.06 dollars and revenue of 27.71 billion dollars, Micron targets EPS of 2 to 2.20 dollars, along with revenue of 7.65 billion dollars, give or take 200 million dollars, for the current quarter.
After closing down about 3%, the share is also down by about this in pre-market trading today.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
78 billion dollars for Q4 2020-21, meaning EPS of 2.42 dollars, more than double (+124%) the level in the same period a year ago.
The Idaho-based semiconductor manufacturer's adjusted operating margin improved to 37.1%, up from 21.5% the previous year, on revenues that increased by nearly 37% y-o-y to 8.27 billion dollars.
With FY adjusted EPS of 6.06 dollars and revenue of 27.71 billion dollars, Micron targets EPS of 2 to 2.20 dollars, along with revenue of 7.65 billion dollars, give or take 200 million dollars, for the current quarter.
After closing down about 3%, the share is also down by about this in pre-market trading today.
Copyright (c) 2021 CercleFinance.com. All rights reserved.