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GuruFocus has detected 4 Warning Signs with Micron Technology Inc $MU.
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Micron Technology Inc (NAS:MU)
Non-Recurring Items
$-24 Mil (TTM As of Feb. 2017)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Micron Technology Inc's non-recurring items for the three months ended in Feb. 2017 was $34 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Feb. 2017 was $-24 Mil.

As of today, Micron Technology Inc's share price is $28.69. Micron Technology Inc's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Feb. 2017 was $0.55. Therefore, Micron Technology Inc's P/E (NRI) ratio for today is 52.16.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Micron Technology Inc Non-Recurring Items for the trailing twelve months (TTM) ended in Feb. 2017 was -34 (May. 2016 ) + -10 (Aug. 2016 ) + -14 (Nov. 2016 ) + 34 (Feb. 2017 ) = $-24 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Micron Technology Inc's P/E (NRI) Ratio for today is calculated as

Micron Technology Inc's Share Price of today is $28.69.
Micron Technology Inc's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Feb. 2017 was -0.21 (May. 2016 ) + -0.17 (Aug. 2016 ) + 0.16 (Nov. 2016 ) + 0.77 (Feb. 2017 ) = $0.55.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Micron Technology Inc Annual Data

Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15Aug16
Non Operating Income 9-13-16491-109291,266-25-53-54

Micron Technology Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
Non Operating Income -49-6-1618-4-6-34-10-1434
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