Micron (NYSE:MU) is out with the numbers. Quick look at the numbers shows mixed bag of positives and negatives, but at least for me, positives are outweighting the negatives.
Positives:
1) EPS way above expectations on strong gross margins - don't think that anybody expected margins as high as 31%.
2) NAND doing well, 15% revs coming from NAND according to the co - up from <10% in the previous quarters. Lexar sure helped, but the worst fears didn't come true for sure. And co is even telling that NAND margins improved!!
3) CMOS margins maintained - that is sure good thing in light of what OVTI was telling us.
Negatives:
1) Revenue. Looks like the co was concentrating on margins on the expense of revenue.
2) Inventories increased another ~$150m. That is a cause for concern.
As said, more positives than negatives. Expecting the stock to go higher tomorrow than the current $14.15 in the afterhours.
No comments:
Post a Comment