Needham & Company Upgrades Micron Technology (MU) Two-Notches to Buy, $33 PT
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Micron Technology, Inc., Reports Results for the First Quarter of Fiscal 2017
December 21, 2016 4:05 PM ESTBOISE, Idaho, Dec. 21, 2016 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (NASDAQ: MU) today announced results of operations for its first quarter of fiscal 2017, which ended December 1, 2016. Revenues for the first quarter of fiscal 2017 were $3.97 billion and were 23 percent higher compared to the fourth quarter of fiscal 2016 and 19 percent higher compared to the first quarter of fiscal 2016.
"Positive market momentum, driven by favorable demand trends and limited industry supply, produced solid results for our first quarter," said Micron CEO Mark Durcan. "We continue to make significant progress on our key technology and product... More
