Business Stocks

Active Stocks News Recap: Micron Technology, Inc. (NASDAQ:MU)

Written by Kristen Rose

On Thursday, Shares of Micron Technology, Inc. (NASDAQ:MU), lost – 1.40% to $14.77.

Micron Technology, Inc., together with its assistants, gives semiconductor arrangements around the world. The organization fabricates and advertises dynamic irregular access memory (DRAM), NAND glimmer, and NOR streak memory items; and bundling arrangements and semiconductor framework.

Micron Technology, pronounced consequences of operations for its final quarter and 2015 monetary year, which finished September 3, 2015. Incomes for the final quarter of monetary 2015 were $3.60 billion and were 7 percent lower difference to the second from last quarter of financial 2015 and 15 percent lower complexity to the final quarter of financial 2014. Incomes for financial year 2015 were $16.19 billion and net wage owing to Micron shareholders was $2.90 billion, or $2.47 per weakened offer. Money streams from operations were $5.21 billion for financial year 2015.

“We are cheerful to report Fiscal Year 2015 results that involve income of $16.2 billion, $2.72 in non-GAAP profit per offer, and $2.3 billion in weakening organization exercises, numbering believer retirements and offer repurchases,” expressed D. Mark Durcan, Chief Executive Officer. “While final quarter results were impacted by proceeded with shortcoming in the PC area, we trust that memory industry essentials stay great over the long haul.”

GAAP Income and Per Share Data — On a GAAP(1) premise, net wage inferable from Micron shareholders for the final quarter of financial 2015 was $471 million, or $0.42 per weakened offer, difference to net salary of $491 million, or $0.42 per weakened offer, for the second from last quarter of monetary 2015 and net wage of $1.15 billion, or $0.96 per weakened offer, for the final quarter of monetary 2014.

Non-GAAP Income and Per Share Data — On a non-GAAP(2) premise, net wage inferable from Micron shareholders for the final quarter of monetary 2015 was $399 million, or $0.37 per weakened offer, differentiation to net salary of $620 million, or $0.54 per weakened offer, for the second from last quarter of financial 2015. For a compromise of GAAP to non-GAAP results, see the going with budgetary tables and references.

Incomes for the final quarter of financial 2015 were 7 percent lower complexity to the second from last quarter of monetary 2015 basically because of a 7 percent decrease in DRAM normal offering costs and moderately level DRAM deals volume. Non-Volatile exchange incomes for the final quarter of monetary 2015 likewise declined 7 percent difference to the second from last quarter fundamentally as an aftereffect of lower deals volume. The organization’s general blended gross edge of 27 percent for the final quarter of financial 2015 was 4 percent lower difference to the second from last quarter of monetary 2015 fundamentally because of lower normal offering costs for DRAM.

Money streams from operations were $1.03 billion for the final quarter of financial 2015, while interests in capital uses were $1.85 billion. For financial year 2015, money streams from operations were $5.21 billion and interests in capital consumptions were $4.12 billion. The organization finished the final quarter of monetary 2015 with money and attractive speculations of $5.63 billion.

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About the author

Kristen Rose

A dedicated researcher and writer. Born in a small town in Virginia, he dreams of putting up a business one day. He loves to study and invest in stocks.

1 Comment

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