** charts before earnings **
** charts after earnings **
Micron beats by $0.06, reports revs in-line :
- Reports Q4 (Aug) loss of $0.05 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of ($0.11); revenues fell 10.6% year/year to $3.22 bln vs the $3.19 bln Capital IQ Consensus.
- "We are seeing improving market conditions in terms of both slowing supply growth and improving demand across a number of key segments," said Micron CEO Mark Durcan.
- Revenues for the fourth quarter of fiscal 2016 were 11 percent higher compared to the third quarter of fiscal 2016.
- DRAM sales volumes were up approximately 20 percent, while NAND sales volumes were up approximately 12 percent.
- DRAM average selling prices declined approximately 6 percent, while NAND average selling prices were relatively unchanged.
- The company's overall consolidated gross margin of 18 percent for the fourth quarter of fiscal 2016 was slightly higher compared to the third quarter due to increases in gross margin of DRAM products.
No comments:
Post a Comment