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Micron Technology Inc  (MU)
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EARNINGS REPORT by CSIMarket

Income Positive Again, Sales very Strong


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Micron Technology Inc announced second quarter 2017 operating income of $1044 millions



Micron Technology Inc announced earnings per share of $0.77 and Sales of $3.97 billions in the second quarter 2017, Company's earnings turn positive per share, versus $-0.09 eps, earned in the same quarter a year ago, although Micron Technology Inc saw it's Sales rise by 58.42 % in the same period.

In contrast to the first quarter 2016 Sales improved by 17.08 % from $3.97 billions and eps more than doubled by 381.25 % from $0.16 per share.
Micron Technology Inc told that it's good performance came from several different businesses, NAND Solutions Group +3.92%, Wireless Solutions Group +23.91%, Embedded Solutions Group +3.43%, while following sections logged decrease in revenues DRAM Solutions Group -18.47%, All Other -50%.
Company achieved net income of $894 millions in the second quarter 2017 an improvement versus a net loss of $-96 millions in the same quarter a year ago. Micron Technology Inc also emphasized it's improving profit margins, where net margin rose to 19.23% in second quarter 2017, and operating margin edged up to 22.46%.
segment have widen the loss. 1NAND Solutions Group segment has slipped into deficit.
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