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
For related Foolishness:
- Watch out for blurry OmniVision.
- Rambus wrassles with everyone in the space.
- Are we seeing another tech inventory hairball?
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At the time of publication, Seth Jayson had positions in no company mentioned. Fool rules are here.
