Income Positive Again, Sales very Strong

Micron Technology Inc announced earnings per share of $1.40 and Sales of $4.65 billions in the third quarter 2017, Company's earnings turn positive per share, versus $-0.21 eps, earned in the same quarter a year ago, although Micron Technology Inc saw it's Sales rise by 92.06 % in the same period.

In contrast to the second quarter 2017 Sales improved by 19.75 % from $4.65 billions and eps soared by 81.82 % from $0.77 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 $1,647 millions in the third quarter 2017 an improvement versus a net loss of $-215 millions in the same quarter a year ago. Micron Technology Inc also emphasized it's improving profit margins, where net margin rose to 29.59% in third quarter 2017, and operating margin edged up to 35.27%.
segment have widen the loss. 1NAND Solutions Group segment has slipped into deficit.

Micron Technology Inc is expected to report next financial results on October 23, 2017.