Shares of Micron Technology Inc. rose Thursday after the company reported fiscal second-quarter results that were much higher than what analysts had been expecting. Micron Technology Inc. trades on the “NASDAQ” under the stock symbol “MU”. For More information regarding “MU”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Shares of Micron Technology Inc. (NASDAQ:MU) rose Thursday after the company reported fiscal second-quarter results that were much higher than what analysts had been expecting.
On Wednesday, Micron said it earned $365 million, or 39 cents per share, in the fiscal second quarter, the second quarter in a row of profits after more than three years of losses. Analysts had been expecting 24 cents per share in profit,
About Micron:
Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR, DDR2, DDR3, and other specialty DRAM memory products, such as SDRAM, mobile DRAM, pseudo-static RAM, and reduced latency DRAM. The company also offers NAND flash memory products, which are electrically re-writeable and non-volatile semiconductor devices that retain content when power is turned off. Micron Technologies products are used in a range of electronic applications, including personal computers, workstations, network servers, mobile phones, flash memory cards, USB storage devices, digital still cameras, MP3/4 players, and in automotive applications. It sells its products to original equipment manufacturers and retailers through internal sales force, independent sales representatives, and distributors, as well as Web-based customer direct sales channel. Micron Technology, Inc. has joint ventures with Intel Corporation, Singapore Economic Development Board, Canon Inc., and Hewlett-Packard Company, Nanya Technology Corporation, and Photronics, Inc. The company was founded in 1978 and is headquartered in Boise, Idaho
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