BOISE, Idaho (AP) — BOISE, Idaho (AP) — Micron Technology Inc. (MU) on Thursday reported fiscal second-quarter profit of $1.58 billion.
On a per-share basis, the Boise, Idaho-based company said it had profit of $1.41. Earnings, adjusted for stock option expense and non-recurring costs, were $1.56 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The chipmaker posted revenue of $8.05 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $7.9 billion.
For the current quarter ending in May, Micron expects its per-share earnings to range from $1.47 to $1.67.
The company said it expects revenue in the range of $8.6 billion to $9 billion for the fiscal third quarter.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MU at https://www.zacks.com/ap/MU
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。