Micron Beats, Offers Strong Guidance As Stock Climbs

By | September 26, 2014

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Micron Technology (MU) stock was up Friday after the memory chip maker reported a better-than-expected revenue increase in fiscal Q4 and forecast earnings for the current quarter that exceeded Wall Street views. The Boise, Idaho-based company forecast a 5.2% to 11.1% increase in revenue to $4.45 billion to $4.7 billion for fiscal Q1, which ends in November. Analysts polled by Thomson Reuters were expecting $4.36 billion in revenue. Micron was up Scalper1 News

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