Micron stock surges after fiscal Q3 earnings beat
Micron (MU) shares jumped in Wednesday's after-hours trading after the memory-chip maker reported a strong fiscal Q3 earnings beat, surpassing Wall Street estimates.
MU
Micron Technology (MU) reported fiscal third-quarter results that significantly exceeded analyst expectations, sending shares sharply higher in Wednesday's extended trading session.
The company posted a substantial earnings beat for the quarter ended in May, driving a surge in after-market activity. At last check, MU stock had gained over 10% following the release.
Further details on the exact figures were not immediately available in the initial report, but the market reaction underscores the strength of the earnings surprise.
Source: FXStreet Forex News