{"id":32139,"date":"2014-09-26T05:00:20","date_gmt":"2014-09-26T09:00:20","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=32139"},"modified":"2014-09-26T05:00:20","modified_gmt":"2014-09-26T09:00:20","slug":"micron-technology-inc-nasdaqmu-posts-better-than-expected-fourth-quarter-fiscal-results-revenue-jumps-49","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/micron-technology-inc-nasdaqmu-posts-better-than-expected-fourth-quarter-fiscal-results-revenue-jumps-49-32139","title":{"rendered":"Micron Technology, Inc. (NASDAQ:MU) Posts Better Than Expected Fourth-Quarter Fiscal Results; Revenue Jumps 49%"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/26\/2014 (wallstreetpr) \u2013 <strong>Micron Technology, Inc. (NASDAQ:MU)<\/strong> posted its <a href=\"http:\/\/finance.yahoo.com\/news\/chipmaker-microns-fourth-quarter-revenue-201052619.html\" target=\"_blank\"><strong>Q4 2014<\/strong><\/a> 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.<\/p>\n<p style=\"text-align: justify;\"><strong>PC Market towards Restoration <\/strong><\/p>\n<p style=\"text-align: justify;\">The company posted better-than-expected results for the fourth quarter, and thereafter, the shares climbed 4%.\u00a0Micron 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\u2019 prices were the reason for the positive quarter response.<\/p>\n<p style=\"text-align: justify;\">The Company President, <em>Mark Adams<\/em>, said that Micron is locking in the prices for DRAM chips with some of its \u201clargest customers.\u201d<\/p>\n<p style=\"text-align: justify;\">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)\u2019s revenue surged 49% and summed up to $4.23 billion for the tenure, which ended August 2014.<\/p>\n<p style=\"text-align: justify;\"><strong>Fiscal Position for Q4 2014<\/strong><\/p>\n<p style=\"text-align: justify;\">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)\u2019s Q1 next fiscal revenue will be $4.04 billion.<\/p>\n<p style=\"text-align: justify;\">The net profit of\u00a0Micron 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.<\/p>\n<p style=\"text-align: justify;\">The EPS or earnings per share, excluding items were 82 cents a share. According to the analysts\u2019 forecast, it was 81 cents per share.<\/p>\n<p style=\"text-align: justify;\">The gross margin of\u00a0Micron Technology, Inc. (NASDAQ:MU) was approximately 32.8% in comparison to 33.7% of the analysts.<\/p>\n<p style=\"text-align: justify;\">According to Micron Technology, Inc. (NASDAQ:MU), the deal with <strong>ELPIDA MEMORY INC ORD (OTCMKTS:ELPDF)<\/strong>, the Japanese DRAM manufacturer, led to improvement of company\u2019s economy. Also, it is believed that this deal led to stability of price, which had remained \u201cextremely volatile\u201d in few years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/26\/2014 (wallstreetpr) \u2013 Micron Technology, Inc. (NASDAQ:MU) posted its Q4 2014 financial results recently, along with the revenue outlook. The Wall Street looked [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236,263],"tags":[9726,9725,2674,2675,9727],"stock_ticker":[],"class_list":["post-32139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-lpida-memory-inc-ord-otcmktselpdf","tag-mark-adams","tag-micron-technology-inc-nasdaqmu","tag-nasdaqmu","tag-otcmktselpdf","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Micron Technology, Inc. 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