Strong Eps Underlines Double Digits Sales Growth

For the first quarter 2020 earnings season earnings jumped by 65.12 % to $0.71 per share, followed by Sales increase of 12.23 % to $5.77 billions, compared with the prior year period.

From fourth quarter 2020, profits fell by -18.58 % from $0.87 per share and Sales decreased by -4.67 % from $6.06 billions.
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%.

With rising profits in Wireless Solutions Group and Embedded Solutions Group sections, and oblivious to shrinking profits in DRAM Solutions Group and All Other segment.

NAND Solutions Group segment was responsible for the bad news, slipping into red by $-33.0 millions, while a year ago, profits were $55.0 millions.
Net income of $803.000 millions in the first quarter 2020 earnings season increased by 58.07 % from net earnings of $508.000 millions reported in the first quarter 2020 earnings season a year ago. Micron Technology Inc also emphasized it's improving profit margins, where net margin rose to 13.91% in first quarter 2020 earnings season, and operating margin edged up to 15%.
segment have widen the loss. 1NAND Solutions Group segment has slipped into deficit.