MU's Mixed Results By Bob Faulkner About this article: For Faulkner's preview heading into the Micron Technology conference call, please click here. Micron Technology reported results for its first quarter after the close last night that were quite mixed, with revenue beating consensus but the loss per share well above targets. Since Micron doesn't give guidance, it's anyone's guess as to February estimates, but expect them to come down. Revenue in the quarter was $1.40 billion (down 9% year over year and 3% quarter over quarter), with a loss per share of 91 cents. Gross margin was negative once again after a $369 million inventory writedown and a gain of $157 million after the sale of previously written-down inventory. The net after these two events was 28 cents to the reported loss per share. The operating margin was negative for the seventh consecutive quarter. Cash from operations was quite strong at $359 million. The company's cash... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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