Micron Technology, Inc. (NASDAQ:MU) reported results of operations for fiscal first quarter of 2013. Company recorded a net-loss attributable of $275 million on net sales of $1.8 billion for the quarter to company’s shareholders.
Consolidated gross margin of the company remained 12% during the quarter which was slightly up from the gross margin of fourth quarter of fiscal 2012. Cash flows from the operations for the fiscal first quarter remained $236 million.
Micron Technology, Inc. (NASDAQ:MU) stock in last session held volume of 19.99 million shares as compared to its average volume of 24.87 million shares. The stock after opening at $6.84 hit high price of $6.87 and then closed at $6.79 by scoring -0.44%.
As the revenue measures MU generated revenue of 8.23 billion in the following twelve months income of -$1032.00 million. The Company showed a negative -8.95% in the net profit margin and in addition to in its operating margin which remained -7.51%. Company’s annual sales growth for the past five year was 7.68%.
The stock showed weekly upbeat performance of +1.95% which was maintained for the month at +22.12%. Likewise the positive performance for the quarter was recorded as +2.11% and for the year was +24.59% while the YTD performance remained at +7.95%.
The MU past twelve months price to sales ratio was 0.84 and price to cash ratio remained 2.70. As far as the returns are concern, the MU return on equity was recorded as -12.76% and increased -6.62% returns on investment while its return on asset stayed at -5.07%.
