Memory FAQs
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Tuesday, February 20, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

Micron up earning guidiance


Friday, February 09, 2018

Micron Technology has announced an upward revision to its revenue and EPS guidance for its second quarter of fiscal 2018 ended March 1. Micron now expects that on a non-GAAP basis, revenues will be in the range of US$7.2 billion to US$7.35 billion compared with its prior guidance of US$6.8-7.2 billion. EPS for the quarter will range from US$2.70 to US$2.75, up from its previously-estimated US$2.51-2.65.

Micron's revenues for its first quarter of fiscal 2018 increased 71% on year and 11% sequentially to US$6.8 billion, while net profits came to US$2.68 billion or US$2.19 per diluted share compared with profits of US$180 million, or US$0.16 per share, a year earlier. The profits were also higher than profits of US$2.37 billion, or US$1.99 per share, in the prior quarter.

In addition, Micron announced the appointment of David Zinsner as senior VP and CFO effective February 19. Zinsner succeeds Ernie Maddock, who is retiring from Micron but will remain with the company as an adviser through early June to ensure a smooth transition.

"We continue to execute well against our strategic priorities as we undergo our chief financial officer transition," said Micron president and CEO Sanjay Mehrotra in a statement. "We look forward to sharing more details in our fiscal second quarter earnings conference call."

Micron is scheduled to hold its fiscal second quarter earnings conference call on March 22.

By: DocMemory
Copyright 2018 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
iPhone 11 will be more affordable2/19/2018
EUV lithography challenges the semi industry2/19/2018
Ellie Yieh at Applied Materials highlight challenges in processing industry2/19/2018
ON Semi offers 2D and 3D CMOS image sensor2/19/2018
Google to acquire Xively for IoT connectivity2/16/2018
Sony puts Gran Turismo for Doom VFR bundles on sale for two weeks2/16/2018
Taiwan forecast 6% increase in semiconductor output2/16/2018
Major Korean tech companies not to take Lunar New Year break2/16/2018
Former Samsung CTO to lead Google IoT effort2/15/2018
Growth on smartphone market to slow down2/15/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved