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Non-Tech : Kirk's Market Thoughts
COHR 201.96+0.2%3:33 PM EST
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To: Kirk © who wrote (20686)9/25/2024 6:48:41 PM
From: Kirk ©2 Recommendations

Recommended By
berniel
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LRCX AH chart
AMAT and LRCX are up big after hours on the Micron news.
Google AI saves the day too.... I axed it "micron capital equipment budget earnings call" and got:
Micron Technology, Inc. (Nasdaq: MU) held a conference call on September 25, 2024 to discuss their fourth quarter financial results and first quarter guidance. The company's full-year fiscal 2024 capital expenditure (capex) is expected to be around $8.0 billion. The average quarterly capex in fiscal 2025 is expected to be significantly higher than the fiscal Q4 2024 level of around $3 billion.

Here are some other highlights from Micron's fourth quarter fiscal 2024 results:
  • Revenue: $7.75 billion, a 93% increase year-over-year
  • GAAP net income: $887 million, or $0.79 per diluted share
  • Non-GAAP net income: $1.34 billion, or $1.18 per diluted share
  • Operating cash flow: $3.41 billion, a significant increase from $249 million in the same period last year


Key is "significantly higher "

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