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Micron Technology (MU) Surges On Strong Financial Results

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Posted On: 01/08/2014 11:05:49 AM

Posted By: riddock57

Micron Technology, Inc., (MU)

Shares of MU surged on Wednesday's trading session, after the company reported its financial results.

For the first quarter of fiscal 2014, MU posted revenues of $4.04 billion, a 120% increase year over year, and GAAP net income attributable to MU shareholders of $358 million, or $0.30 per diluted share, compared to GAAP net loss of ($275) million, or ($0.27) per diluted share in the same period the prior year.

Cash flows from operations for the first quarter of fiscal 2014 were $1.51 billion, while investments in capital expenditures were $669 million. MU ended the first fiscal quarter with cash and marketable investments of $4.41 billion.

MU , together with its subsidiaries, manufactures and markets semiconductor solutions worldwide

More about Micron Technology, Inc., (MU) at www.micron.com

Crown Equity Holdings Inc. (CRWE)

Social networking is a way for people to connect and share information with each other online. Millions of people worldwide regularly access these types of services from mobile devices, applications, and websites

A social networking service is an online service provided to the public for social interaction between families, friends, and also for gaining new friends over the internet.

CRWE is looking to deliver value for its stockholders in both the near and long term, and to improve the potential future growth for the company, is targeting the multi-billion dollar social networking service market.

CRWE is currently developing a social networking service and phone app, CRWE Network ( CRWE-PR.com ), that is designed to target all the communities in every state of the United States.

CRWE ‘s business plan is based on selling advertising to local businesses. Its goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés, and discussion forums.