Micron Technology: beats consensus in Q2

(CercleFinance.com) - On Wednesday night Micron Technology unveiled Q2 adjusted (non-GAAP) EPS that is down nearly 40% y-o-y, at 1.
71 dollar, beating the consensus by two cents.

The semiconductor maker saw its adjusted operating margin fall by 13.2 points to 36.2%, for revenues that are down 21% at 5.83 billion dollars, in what its CEO Sanjay Mehrotra called a difficult market environment.

He added that the group's initiatives and focus on high-value solutions, cost competitiveness and innovation will enable it to become even stronger once sector conditions improve.


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