Micron Technology reporting disappointing earnings

Micron Technology, Inc. (NASDAQ:MU). Last Market Price: 5.26, Change: -0.61, % Change: (-10.39%). Shares trade in the range of 5.22 – 5.50 dollars. It has a market capitalization of 5.28B dollars, making it a Mid Cap Stock and has 1.00B outstanding shares. The company has a beta of 1.13, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 0.62; P/E of 8.54. It operates in Technology sector and belongs to Semiconductors industry. Percentage shares held by institutional investors is 83%. The company has a 52 week high of $ 11.95 and a 52 week low of $ 5.18. Average volumes of shares traded daily are 43,150,000. Volume traded in the last session was at 15,120,000, 0.35 times the average volume.

• Reports Q4 (Aug) loss of $0.14 per share worse than the estimates
• Revenues fell 14.2% year on year to $2.14 billion
• Micron downgraded to Neutral from Outperform by analysts at Wedbush

For Q2 (Jun ’11), It had a Net profit margin of 5.66%, an Operating margin of 11.08%. Other Key stats and ratios are : Return on average assets of 3.35%, Return on average equity of 3.53%. The organization has an employee strength of 25,900

Consensus Recommendation is a Outperform.

Estimate for sales for the Quarter Ending Nov-11 show a mean of 2,246.40 million dollars, an estimate high of 2,607.22 million dollars and an estimate low of 1,970.50 million dollars. A year ago the figures stood at 2,969.25 million dollars.

Estimate for sales for the Quarter Ending Feb-12 show a mean of 2,226.14 million dollars, an estimate high of 2,522.75 million dollars and an estimate low of 1,823.90 million dollars. A year ago the figures stood at 2,805.50 million dollars.

Estimate for EPS for the Quarter Ending Nov-11 show a mean of 0.08 dollars, an estimate high of 0.24 dollars and an estimate low of -0.07 dollars. A year ago the figures stood at 0.45 dollars.

Estimate for EPS for the Quarter Ending Feb-12 show a mean of 0.11 dollars, an estimate high of 0.30 dollars and an estimate low of -0.06 dollars. A year ago the figures stood at 0.32 dollars.

Sales for Quarter Ending Aug-11 was estimated at 2,111.11 million dollars, however the actual sales figure stood at 2,140.00 million dollars, 28.89 million dollars more than estimates.

Sales for Quarter Ending May-11 was estimated at 2,364.36 million dollars, however the actual sales figure stood at 2,139.00 million dollars, 225.36 million dollars less than estimates.

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