(Bloomberg) — Micron Technology Inc., the biggest U.S. maker of computer memory chips, predicted stronger-than-expected revenue in the current quarter, indicating orders from datacenter operators are helping make up for a demand shortfall from smartphone makers crushed by the effects of the coronavirus pandemic.Revenue will be $4.6 billion to $5.2 billion in the fiscal third quarter, which ends in May, Micron said Wednesday in a statement. Analysts had projected $4.88 billion, according to data compiled by Bloomberg. Adjusted earnings will be 55 cents a share, plus or minus 15 cents. Analysts estimated 52 cents a share on average.Micron is one …read more
Source:: Yahoo Finance
