Micron Technology (NYSE:MU) released Q3 2005 earnings on June 23.

  • Quarterly loss of $0.20 per share was below analysts' expectations of a $0.02 profit.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q3 2005 Q3 2004 % Change
Sales $1,180 $1,054 $1,117 -5.6%
Net Profit -- $(128) $91 N/A
EPS $0.02 $(0.20) $0.13 N/A


Balance Sheet Highlights

Assets Q3 2005 Q3 2004 % Change
Cash+ ST Invest. $1,296 $1,132 +14.5%
Inventory $827 $532 +55.3%
Accounts Rec. $735 $770 -4.5%
Liabilities

Long-Term Debt

$1,046 $1,037 +0.9%
Accounts Pay. $734 $751 -2.3%


Margin Checkup

Q2 2005 Q2 2004 Change
Gross Margin 21.96% 21.49% +0.47%

Op. Margin

-12.34% 9.82% -22.16%
Net Margin -12.13% 8.14% -20.27%


Cash Flow Highlights

Q3 2005 Q3 2004 % Change
Cash From Ops $933 $744 +25.5%
Capital Expend. $1,092 $1,009 +8.3%
Free Cash Flow $(159) $(265) N/A


Related Companies

  • Infineon (NYSE:IFX)
  • Rambus (NASDAQ:RMBS)
  • STMicroelectronics (NYSE:STM)
  • Samsung

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At the time of publication, Seth Jayson had positions in no company mentioned. Fool rules are here.