EARNINGS REPORTING - surprises, misses & more Message Board

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Non-Tech : EARNINGS REPORTING - surprises, misses & more

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To: long-gone who wrote ()	6/22/2000 11:32:00 PM
From: Jack Hartmann	Read Replies (2) of 762

Micron blows away 3Q estimates June 22, 2000 5:29pm By Larry Barrett ZDII Micron Technology lived up to the hype it's received in the past week, shattering analysts' estimates by 13 cents a share in its third quarter. In the quarter, Micron (NYSE: MU) posted a profit of $275 million, or 47 cents a share, on sales of $1.8 billion. Analysts surveyed by First Call Corp. predicted it would earn 34 cents a share in the quarter. Its shares closed off 5 9/16 to 85 3/16 ahead of the earnings report. The $1.8 billion in sales marks a stunning 108 percent improvement from the year-ago quarter when it lost $27.7 million, or 5 cents a share, on sales of $864 million. *************** A quarter of a billion in profit. Amazing Jack

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