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Micron Technology, Inc. reported earnings results for the second quarter and six months ended February 29, 2024. For the second quarter, the company reported sales was USD 5,824 million compared to USD 3,693 million a year ago. Net income was USD 793 million compared to net loss of USD 2,312 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to basic loss per share from continuing operations of USD 2.12 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to diluted loss per share from continuing operations of USD 2.12 a year ago.For the six months, sales was USD 10,550 million compared to USD 7,778 million a year ago. Net loss was USD 441 million compared to USD 2,507 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 2.3 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 2.3 a year ago.
Period Ending: | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 01, 2023 |
---|---|---|---|---|
Total Revenue | 5824 | 4726 | 4010 | 3752 |
Gross Profit | 1079 | -35 | -435 | -668 |
Operating Income | 191 | -1128 | -1375 | -1649 |
Net Income | 793 | -1234 | -1430 | -1896 |
Period Ending: | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 01, 2023 |
---|---|---|---|---|
Total Assets | 65718 | 63776 | 64254 | 65680 |
Total Liabilities | 21848 | 20891 | 20134 | 20275 |
Total Equity | 43870 | 42885 | 44120 | 45405 |
Period Ending: | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 01, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | 1219 | 1401 | 249 | 24 |
Cash From Investing Activities | -1151 | -1558 | -830 | -1180 |
Cash From Financing Activities | -106 | -352 | -112 | 661 |
Net Change in Cash | -45 | -510 | -714 | -517 |
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