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Micron's (MU) Q2 Earnings Beat Estimates, Q3 Guidance Solid
Despite the business disruptions caused by the coronavirus outbreak, Micron MU reported stronger-than-anticipated results for second-quarter fiscal 2020 on Mar 25. The company’s fiscal second-quarter non-GAAP earnings per share of 45 cents beat the Zacks Consensus Estimate by 18.4% and surpassed its guided range of 35 cents (+/- 6 cents) as well.
Moreover, quarterly revenues of $4.8 billion outpaced the consensus mark of $4.6 billion. The memory chip maker’s revenues also came in line with the higher-end of management’s guided range of $4.5-$4.8 billion.
Nonetheless, top and bottom lines both declined on a year-over-year basis. While revenues fell 17.8%, non-GAAP earnings slumped 73.7%.
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https://finance.yahoo.com/news/microns-m...11592.html
![[Bild: MUc1dl1625.png]](https://finviz.com/publish/032620/MUc1dl1625.png)
Despite the business disruptions caused by the coronavirus outbreak, Micron MU reported stronger-than-anticipated results for second-quarter fiscal 2020 on Mar 25. The company’s fiscal second-quarter non-GAAP earnings per share of 45 cents beat the Zacks Consensus Estimate by 18.4% and surpassed its guided range of 35 cents (+/- 6 cents) as well.
Moreover, quarterly revenues of $4.8 billion outpaced the consensus mark of $4.6 billion. The memory chip maker’s revenues also came in line with the higher-end of management’s guided range of $4.5-$4.8 billion.
Nonetheless, top and bottom lines both declined on a year-over-year basis. While revenues fell 17.8%, non-GAAP earnings slumped 73.7%.
...
https://finance.yahoo.com/news/microns-m...11592.html
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