Micron (MU) reported earnings on Tue 19 Dec 2017 (a/h)

• #15;  vol. 47.7M

** charts before earnings **

 

** charts after earnings **

Micron beats by $0.24, beats on revs; guides Q2 EPS above consensus, revs above consensus 

• Reports Q1 (Nov) earnings of $2.45 per share, excluding non-recurring items, $0.24 better than the Capital IQ Consensus of $2.21; revenues rose 71.4% year/year to $6.8 bln vs the $6.43 bln Capital IQ Consensus.
  • Revenues for the first quarter of 2018 were 11 percent higher compared to the fourth quarter of 2017, reflecting increased demand for our mobile, server, and SSD products. Our overall consolidated gross margin of 55.1 percent for the first quarter of 2018 was higher compared to 50.7 percent for the fourth
• Co issues upside guidance for Q2, sees EPS of $2.51-2.65 vs. $2.04 Capital IQ Consensus Estimate; sees Q2 revs of $6.80-7.20 bln vs. $6.21 bln Capital IQ Consensus Estimate.