Micron Technology Jumps In A Flash On Q3 Earnings

By | June 24, 2014

Scalper1 News

Micron Technology (MU) stock jumped more than 4% in morning trading Tuesday, a day after the memory-chip maker reported better-than-expected fiscal third-quarter sales and earnings and guided analysts higher for Q4. The Boise, Idaho-based company earned 79 cents a share excluding certain items for the quarter ended May 29, up from 4 cents a share in the year-earlier quarter. Revenue leapt 72% to $3.98 billion. Analysts polled by Thomson Reuters Scalper1 News

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