(Boursier.com) — Micron published yesterday evening, for its closed fiscal quarter, adjusted earnings per share of $2.14 against a consensus of $1.95. Adjusted EPS was 98 cents a year ago. The American group of semiconductors posted on the quarterly period ended in February revenues of 7.79 billion dollars, beating the consensus of 4%, against 6.24 billion dollars over the comparable period last year. The stock is expected up around 4% on Wall Street.
For the quarter ended, second fiscal quarter, GAAP net income was $2.26 billion and $2 per share, while adjusted income was $2.44 billion or $2.14 per share. Operating cash flow was 3.63 billion dollars, against 3.94 billion in the previous quarter and 3.06 billion a year earlier.
In the third fiscal quarter, Micron expects revenues close to 8.7 billion, more or less $200 million, an adjusted gross margin of 48% (more or less 1%) and an adjusted diluted EPS ranging from 2.36 to 2 .56$.
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