Post-Earnings Analysis - Micron Technology

LONDON, January 15, 2015 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings analysis on Micron Technology Inc. (NASDAQ: MU). On January 06, 2015, the company reported its Q1 FY15 financial results (period ended December 04, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Micron%20Technology&d=15-Jan-2015&s=MU to read our free earnings review on Micron Technology Inc. (Micron). During Q1 FY15, the company's revenue improved 8% Q-o-Q and 13% Y-o-Y. CEO Mark Durcan said that Micron's execution and continued favorable market conditions led to a strong first quarter with record revenues and operating cash flows. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Micron%20Technology&d=15-Jan-2015&s=MU

Earnings Overview  

During Q1 FY15, Micron's revenue improved to $4.57 billion from $4.23 billion in Q4 FY14 and $4.04 billion in Q1 FY14. The reported quarter's revenue fell short of Bloomberg analysts' forecasts of $4.61 billion. The company recorded cash flows from operations of $1.59 billion in Q1 FY15, compared to $1.51 billion in Q1 FY14. The free research on MU can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Micron%20Technology&d=15-Jan-2015&s=MU

In Q1 FY15, GAAP net income attributable to Micron's shareholders stood at $1.00 billion, or $0.84 per diluted share, compared to GAAP net income of $1.15 billion, or $0.96 per diluted share, in Q4 FY14 and GAAP net income of $0.36 billion, or $0.30 per diluted share, in Q1 FY14. The company's Q4 FY14 earnings result included gains aggregating approximately $400 million from increases in deferred tax assets of Micron Memory Japan and Micron Memory Taiwan, the sale of the company's interest in Aptina and Inotera's issuance of shares. Analysts at Bloomberg were expecting GAAP net income attributable to Micron's shareholders of $1.01 billion, or $0.84 per diluted share.

For Q1 FY15, Micron's overall consolidated gross margin improved 300 basis points to 36% from 33% in Q4 FY14. The company recorded non-GAAP net income attributable to Micron's shareholders of $1.14 billion, or $0.97 per diluted share in Q1 FY15, compared to non-GAAP net income of $0.96 billion, or $0.82 per diluted share, in Q4 FY14. Sign up and read the free analyst's notes on MU at:

http://get.Investor-Edge.com/pdf/?c=Micron%20Technology&d=15-Jan-2015&s=MU

Micron's investments in capital expenditures in Q1 FY15were $669 million, and the company had cash and marketable investments of $5.31 billion, as of December 04, 2014.

Stock Performance  

On the day following the earnings release, January 07, 2015, Micron's stock lost 2.34% to end the session at $32.10. Since then, the stock has mostly witnessed a negative momentum. On the last close, Wednesday, January 14, 2015, the company's shares finished 2.55% lower at $30.05. Micron's shares vacillated between $29.80 and $31.20 during the session. A total of 35.47 million shares were traded which was above its three months average volume of 22.14 million shares. Over the past three months and last one year, shares of the company have gained 9.71% and 26.95%, respectively. However, the stock has plummeted 10.37% in the previous three trading sessions. Shares in the company closed below their 50-day and 200-day moving averages of $34.08 and $30.98, respectively. Furthermore, the stock traded at a PE ratio of 9.27 and has a Relative Strength Index (RSI) of 32.73. Visit Investor-Edge and access the latest research on MU at:

http://get.Investor-Edge.com/pdf/?c=Micron%20Technology&d=15-Jan-2015&s=MU

Sneak Peek to Corporate Insider Trading  

In the last one month, Micron has reported two corporate trading transactions by two insiders. Between December 15, 2014 and January 02, 2015, a total of 4,057 shares of the company were disposed at an average price of $34.38 per share, for a total value of $139,467. On December 15, 2014, Joel L. Poppen, Vice President of Legal Affairs, General Counsel, and Corporate Secretary at Micron, sold 2,057 shares of the company for $69,938 at a price of $34.00 per share. Additionally, on January 02, 2015, Robert L. Bailey, Director at Micron, sold 2,000 shares of the company for $69,529 at a price of $34.76 per share. Complimentary in-depth research on MU is available at:

http://get.Investor-Edge.com/pdf/?c=Micron%20Technology&d=15-Jan-2015&s=MU

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