Boston, MA 09/26/2014 (wallstreetpr) – Micron Technology, Inc. (NASDAQ:MU) posted its Q4 2014 financial results recently, along with the revenue outlook. The Wall Street looked at the results in an impressive way, hinting towards stabilized PC industry with the support of DRAM chips demand.
PC Market towards Restoration
The company posted better-than-expected results for the fourth quarter, and thereafter, the shares climbed 4%. Micron Technology, Inc. (NASDAQ:MU) said that the positive results and stronger demand from the manufacturers of personal computers gave a push to the overall result. Also, a stable and better memory chips’ prices were the reason for the positive quarter response.
The Company President, Mark Adams, said that Micron is locking in the prices for DRAM chips with some of its “largest customers.”
Also, the demand for its NAND chips that are used in laptops, solid-state drives and smartphones, is in accordance with the present supply growth rates. Micron Technology, Inc. (NASDAQ:MU)’s revenue surged 49% and summed up to $4.23 billion for the tenure, which ended August 2014.
Fiscal Position for Q4 2014
For the Q1 of next fiscal, Micron Technology is expecting revenue to touch somewhere between $4.45 billion and $4.70 billion. According to the Thomson Reuters, the revenue was expected to be $4.16 billion, on an average for Q4. The analysts expect Micron Technology, Inc. (NASDAQ:MU)’s Q1 next fiscal revenue will be $4.04 billion.
The net profit of Micron Technology, Inc. (NASDAQ:MU) totalled at $1.15 billion or 96 cents apiece. For the Q4 2013, the net profit summed up to $1.71 billion or 1.51 cents apiece.
The EPS or earnings per share, excluding items were 82 cents a share. According to the analysts’ forecast, it was 81 cents per share.
The gross margin of Micron Technology, Inc. (NASDAQ:MU) was approximately 32.8% in comparison to 33.7% of the analysts.
According to Micron Technology, Inc. (NASDAQ:MU), the deal with ELPIDA MEMORY INC ORD (OTCMKTS:ELPDF), the Japanese DRAM manufacturer, led to improvement of company’s economy. Also, it is believed that this deal led to stability of price, which had remained “extremely volatile” in few years.
