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00:02Micron reported adjusted earnings of $12.20 per share on $23.86 billion in revenue for the
00:09second quarter, surpassing estimates of $9.21 per share and $19.94 billion, according to Benzinga.
00:17Revenue rose about 196% year over year. Operating cash flow reached $11.90 billion,
00:24up from $8.41 billion in the prior quarter and $3.94 billion last year. Adjusted free cash flow
00:32totaled $6.9 billion. The company ended the quarter with $16.7 billion in cash and investments.
00:39Micron forecast third quarter revenue of $33.5 billion, plus or minus $750 million versus $23.8
00:48billion estimates. It expects adjusted earnings of $19.15 per share, plus or minus 40 cents versus
00:56$11.70 estimates. The board raised the quarterly dividend to $0.15 per share. For all things
01:03money, visit Benzinga.com.
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