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General

Micron sees financial bottom for Q2 after mixed Q1

Thursday 19 December 2019 | 10:26 CET | News
Micron Technology said revenues for its fiscal first quarter to 28 November lifted to USD 5.14 billion from 4.87 billion the year before, while the net profit slipped to USD 491 million from 561 million. Diluted earnings per share dipped lower to USD 0.43 from 0.49, and the operating cash flow halved to USD 2.01 billion from 4.81 billion. Capex went to USD 1.93 billion, resulting in adjusted free cash flows of USD 79 million. CEO Sanjay Mehrotra said he was pleased with the solid results, all in line with expectations, and positive free cash flow, as well as with the company's long-term

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Categories: General
Companies: Micron Technology
Countries: World
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