Micron Technology: beats consensus in Q2
(CercleFinance.com) - On Wednesday night Micron Technology unveiled Q2 adjusted (non-GAAP) EPS that is down nearly 40% y-o-y, at 1.
71 dollar, beating the consensus by two cents.
The semiconductor maker saw its adjusted operating margin fall by 13.2 points to 36.2%, for revenues that are down 21% at 5.83 billion dollars, in what its CEO Sanjay Mehrotra called a difficult market environment.
He added that the group's initiatives and focus on high-value solutions, cost competitiveness and innovation will enable it to become even stronger once sector conditions improve.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
71 dollar, beating the consensus by two cents.
The semiconductor maker saw its adjusted operating margin fall by 13.2 points to 36.2%, for revenues that are down 21% at 5.83 billion dollars, in what its CEO Sanjay Mehrotra called a difficult market environment.
He added that the group's initiatives and focus on high-value solutions, cost competitiveness and innovation will enable it to become even stronger once sector conditions improve.
Copyright (c) 2019 CercleFinance.com. All rights reserved.