Micron Technology Inc (MU) beat third-quarter sales estimates lifting shares up by almost 6% in Monday’s after-market trading as work-from-home and online learning trends boost demand for cloud data center and notebooks services.The stock rose to $51.95 in after-market trading after the U.S. memory chipmaker said that sales are also expected to remain strong in the second half of its fiscal year.In the third quarter ended May 28, Micron earned 82 cents per share on a diluted basis, which is above the 77 cents per share estimate by analysts. Revenue during the same comparative period rose 13.6% to $5.44 billion, …read more
Source:: Yahoo Finance
