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News

What Micron Technology's Earnings Mean for Mutual Fund Investors (MU)

Shauna O'Brien Jan 07, 2015



Inside MU’s Results


The company reported earnings of $1 billion, or 84 cents per share, up from $358 million, or 30 cents per share, a year ago. Adjusted earnings were $1.14 billion, or 97 cents per share – above analysts’ view of 92 cents per share.

Revenue
Sales rose 13% to $4.57 billion from $4.04 billion, last year. Analysts expected to see revenue of $4.62 billion.

Outlook
Looking ahead to Q2, the company expects to see sales between $4.1 billion and $4.3 billion, while analysts expect to see $4.53 billion in revenue.


High Expectations After Outperforming in 2014



Mutual Funds to Watch



The Bottom Line


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