Memory Factory Micron EPS exceeded the standard, rose after the plate

US memory maker Micron announced after-hours earnings after the close of the trading session on Tuesday, and its financial results were both better than expected, motivating the stock price to surpass 5% after the session.

Micron's revenue for the first quarter (as of the end of November) was $ 6.8 billion and earnings per share (EPS) was $ 2.45, compared with analyst estimates of $ 6.44 billion and EPS of $ 2.2.

(Source: Micron)

Gross margins increased from 50.7% to 55.1% over the same period, mainly due to higher DRAM and NAND flash memory prices thanks to Micron CEO Sanjay Mehrotra, including mobile, server and SSD hard drive applications, the quarterly revenue growth of up to two number.

Micron outlook this quarter, the estimated EPS between 2.51-2.65 US dollars, well above analysts forecast of 2.04 US dollars.

Micron closed 0.62% higher during the normal trading session and continued to rise 4.43% to end at 45.93 U.S. dollars so far this year, Micron shares have surged over 100%.