Today it was reported that Micron Technology, the largest memory chip manufacturer in the US, supposed to achieve good results in the current fiscal quarter, indicating that the company’s products for smartphones and computers are in good demand.
Micron Technology requires its second-quarter revenue of 5.8 billion U.S. dollars (plus and minus $200 million), and analysts on average expect its second-quarter revenue to be 5.48 billion U.S.
Excluding specific items, the company expects its second-quarter earnings per share to be US$0.75 (a positive-negative range of US$0.07). Micron’s chips can store information for smartphones and are also an important part of computers, helping to process data and becoming a basic component of new hard drives.
The company’s profitability is an important indicator of the demand for all computing machine, and under the leadership of the company’s CEO Sanjay Mehrotra (Sanjay Mehrotra), they are also trying to broaden their reach and enter new markets such as automobiles.
The company stated that last month that in the fiscal quarter ending December 3, both revenue and profit reached the upper limit of its forecast, pushing its share price to a 20-year high.
Micron Technology’s stock price rose about 1.5% after its announcement on Thursday. Prior to this, the company’s stock price closed at $79.11 in New York. The stock has risen 36% in the past 12 months.
(Via)
