Micron Technology Bottom Line Climbs 779% In Q1

(RTTNews) - Micron Technology (MU) announced a profit for its first quarter that advanced from last year.

The company said its bottom line rose to $2.99 billion, or $2.45 per share. This was higher than $0.34 billion, or $0.32 per share, in last year's first quarter.

The company said revenue for the quarter rose 71.3% to $6.80 billion. This was up from $3.97 billion last year.

Micron Technology earnings at a glance:

-Earnings (Q1): $2.99 Bln. vs. $0.34 Bln. last year. -Earnings Growth (Y-o-Y): 779.4% -EPS (Q1): $2.45 vs. $0.32 last year. -EPS Growth (Y-o-Y): 665.6% -Revenue (Q1): $6.80 Bln vs. $3.97 Bln last year. -Revenue Change (Y-o-Y): 71.3%