Also, reported revenues increased on a quarter-over-quarter basis (up 23%), primarily due to pricing improvement in the DRAM and NAND sales volume. In addition, a 5% increase in DRAM average selling prices (ASP) supported the revenue growth. have a peek at these guysAn encouraging top- and bottom-line guidance for the second quarter, which was way above the respective Zacks Consensus Estimate, also helped in boosting investors confidence about the companys future prospects. Upward Estimate Revisions In the last seven cheers days, the Zacks Consensus Estimate for the second quarter and fiscal 2017 witnessed upward revisions. For the fiscal second quarter, the Zacks Consensus Estimate is currently pegged at 45 cents per share, up 4 cents from the earnings of 41 cents projected seven days ago. Similarly, the Zacks Consensus Estimate for fiscal 2017 is currently pegged at Thank You $1.76 cents per share compared with $1.75 projected seven days ago. Other Driving Lavender, Marigold, Thyme And Fennel Are Good Examples Of Herbs That Are Known To Possess Antiseptic Properties. | Grace Ramos Note Factors Micron offers both DRAM and NAND products. While DRAM chips are the key components in PCs, NAND flash chips are crucial for portable electronic devices. The improving prices for DRAM and NAND chips make us hopeful about the companys near-term performance.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/micron-technology-mu-looks-promising-131701357.html