Micron Technology Inc

MU: XNAS (USA)
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Micron Earnings: Beware Attempting to Time the Peak

Micron Technology posted another blowout quarter, with sales rising 380% year on year to $54 billion. Growth was led nearly entirely by pricing growth. Gross margin expanded more than 40 points year on year to 87%, with incremental pricing-led revenue coming as practically pure profit.

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