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

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

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

Micron Technology logo in blue
After the closing bell on Tuesday, Micron Technology (MU) released its first quarter financial results. Here’s what the report means for mutual fund investors.

Inside MU’s Results

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.

High Expectations After Outperforming in 2014

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.

Mutual Funds to Watch

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

The Bottom Line

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).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next

Micron Technology logo in blue

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

After the closing bell on Tuesday, Micron Technology (MU) released its first quarter financial results. Here’s what the report means for mutual fund investors.

Inside MU’s Results

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.

High Expectations After Outperforming in 2014

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.

Mutual Funds to Watch

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

The Bottom Line

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).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next