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Stock impact report

Micron's Fiscal First Quarter of 2019 Was OK. What's the Short-Term Outlook? [The Motley Fool]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Company Research Source: The Motley Fool
The memory chip downturn is accelerating and could last a couple more quarters. Memory chip maker Micron Technology ( NASDAQ:MU ) posted results from its first fiscal quarter of 2019 recently, and while the numbers were within management's projections, it's clear the inevitable slump in the digital memory industry is getting worse. No one ever knows how far these downturns will go, or how long they'll last, but comments on Micron's earnings call indicate the path through the woods hasn't ended yet. First, some numbers... Metric Quarter Ended Nov. 29, 2018 Quarter Ended Nov. 30, 2017 Change (YOY) Revenue $7.91 billion $6.80 billion 16% Gross profit margin 58.3% 55.1% 3.2 p.p. Operating income $3.76 billion $3.10 billion 21% Earnings per share $2.81 $2.19 28% Data source: Micron. P.p. = percentage point.  Micron's numbers are much higher Show less Read more
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