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.
Sales rose 13% to $4.57 billion from $4.04 billion, last year. Analysts expected to see revenue of $4.62 billion.
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
|VTSMX||Vanguard Total Stock Market Index||1.66%|
|WSTCX||Ivy Science & Technology||1.48%|
The Bottom Line
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