|
|
News Breaks | | | | December 20, 2012 | | 15:06 EDT |  | MU | Earnings Preview: Micron looks to continue run, up 13% since last report
Micron (MU) is expected to report Q1 earnings after the close on Thursday, December 20, with a conference call scheduled for 4:30 pm ET. Micron manufactures semiconductor devices, principally Dynamic Random Access Memory, or DRAM, NAND Flash and NOR Flash memory... EXPECTATIONS: Analysts are looking for earnings per share of (20c) on revenue of $2.01B. The consensus range is (29c)-(3c) for EPS on revenue of $1.76B-$2.18B, according to First Call... LAST QUARTER: Micron suffered a Q4 loss that was worse than expected, reporting Q4 EPS (24c), compared to consensus of (22c). Q4 revenue also missed expectations at $1.96B, compared to consensus $2.12B. The company said sales of NAND Flash products were 12% lower in Q4 compared to Q3, due to an 11% decrease in sales volume. Also, Q4 DRAM sales were down 9% sequentially due to a 9% decrease in sales volume, while sales of NOR Flash products were approximately 12% of total net sales for Q4... RESEARCH AND REPORTS: Immediately following Micron's Q4 report, research firm RW Baird said Micron's valuation remained attractive and reiterated its Outperform rating and $10 price target. In recent days, DigiTimes, a news source focused on the semiconductor, electronics, computer and communications industries, reported that DRAM contract prices have increased 1%-2% in the first half of this month. DigiTimes also said NAND flash prices dropped 1%-2% in the first half of December... PRICE ACTION: Since the first day of trading after last quarter's report, shares of Micron have advanced about 13%. In late afternoon trading ahead of tonight's report, Micron is down 2c, or 0.29%, to $6.80. | |
|
News For MU From The Last 14 Days Check below for free stories on MU the last two weeks. |
|
|
| May 17, 2013 | | 06:07 EDT |  | MU | Mobile DRAM revenue fell 5% in Q1, DigiTimes reports
 Subscribe for More Information | | | May 16, 2013 | | 08:19 EDT |  | MU | Court decision should hasten Micron takeover of Elpida, says Sterne Agee
Sterne Agee believes that a decision by a Japanese court dismissing appeals from the two unsecured creditors to the Elpida consolidation process should enable Micron to close its Elpida acquisition much more quickly than some had feared. The firm views this development as very positive for Micron and keeps a Buy rating on the stock. | | | 05:32 EDT |  | MU | Micron announces issuance by Tokyo Court of order dismissing creditor appeals
Subscribe for More Information | | | May 13, 2013 | | 07:29 EDT |  | MU | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. | | | May 10, 2013 | | 10:00 EDT |  | MU | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 07:47 EDT | | MU | Micron downgraded at JMP Securities
Subscribe for More Information | | | 07:03 EDT | | MU | Micron downgraded to Market Perform from Outperform at JMP Securities
Subscribe for More Information | |
|
|
|
|
|
|
