Micron Technology: Q3 in line with expectations

(CercleFinance.com) - On Wednesday night Micron Technology unveiled Q3 adjusted (non-GAAP) EPS that almost doubled (+ 94%) y-o-y, to 3.
15 dollars, a level that matched analysts' estimate.

The semiconductor manufacturer improved its adjusted operating margin by 14.3 points to 51.5% year-on-year, for revenues that were up 40% at 7.8 billion dollars, with gains at almost all of its high-value products segments.

“We see ongoing momentum and healthy industry fundamentals in the fourth quarter to close out an exceptionally strong fiscal 2018," said Micron President and CEO, Sanjay Mehrotra.


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