(Bloomberg) — Micron Technology Inc. gave a strong forecast for the current quarter, adding to optimism that demand for memory chips is rebounding.Revenue will be $4.5 billion to $4.8 billion in the fiscal second quarter, Micron said in a statement. Analysts had projected $4.76 billion, according to data compiled by Bloomberg. Adjusted earnings will be 35 cents a share, plus or minus 6 cents. Analysts estimated 40 cents a share on average.Wall Street has been predicting a recovery in demand and expects the market for computer and smartphone components will return to growth in the second half of next year. …read more
Source:: Yahoo Finance
