Earnings

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.

Micron Technology rose over 50% in 2014, so expectations for the company were very high in the most recent earnings report. Although MU has a decent valuation (trading at 10x 2015 earnings estimates), fund managers and investors may become cautious on the company as it did not provide earnings guidance in this report.

Investors interested in MU may also be interested in the funds listed below. These funds currently have the largest stakes in the company.

The funds above allow investors to gain exposure to MU while remaining diversified. Investors interested in MU may also be interested in Intel (INTC) and International Business Machines (IBM).